Diebold Inc. reached an agreement in principle to chase the majority interest in a Mexican ATM distributor Hidromex, SA de CV. Terms were not disclosed.

Hidromex, which sells and services ATMs for Interbold, the joint venture between Diebold and International Business Machines Corp., has been Diebold's ATM distributor in Mexico since 1987. The related businesses being acquired also distribute physical and electronic security equipment and Compaq computers.

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