Diebold buys Turkish IT service company Altus

NORTH CANTON, Ohio (AP) — Diebold Inc. said Monday it bought Altus, a Turkish company that provides information technology services to the financial sector.

Diebold said Altus makes hardware and software including ATM services and computer-related peripherals. Diebold makes bank teller machines, security systems and equipment, and it said the installed base of ATMs in Turkey is growing rapidly.

The companies did not disclose terms of the deal.

Diebold shares rose 16 cents to $30.62. The stock has traded between $28.06 and $42.93 in the past 52 weeks.