Former type Aktiengesellschaft Defunct 1990 Founder Heinz Nixdorf Ceased operations 1990 | Industry Computer Headquarters Paderborn, Germany Founded 1 July 1952 | |
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Nixdorf Computer AG was a West German computer company founded by Heinz Nixdorf in 1952. Headquartered in Paderborn, Germany, it became the fourth largest computer company in Europe, and a worldwide specialist in banking and point-of-sale systems.
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Labor for Impulstechnik
When Nixdorf worked at Remington Rand Corp., he recognized the market potential for calculators. He presented his concept a few large businesses. The Rheinisch-Westfälischen Elektrizitätswerken (RWE) in Essen showed interest and trust in his ideas, so they gave him 30,000 D-Mark. With that, Nixdorf was able to found the Labor für Impulstechnik on July 1, 1952. The same year, the company delivered their first calculator. Because of their success, the Labor für Impulstechnik delivered to major companies like the Wanderer-Werke in Cologne and the Compagnie des Machines Bull in Paris. In 1954 the company was compelled to move to another office location, because they needed more space. They invented many products like the Wanderer Conti, the first desk calculator in the world with a printer in it, and the Nixdorf-Universalcomputer 820. The fast expansion was the reason why the company rented rooms in Paderborn, Nixdorf's hometown. One year later, the company moved completely to Paderborn and their first own building was built in 1961. Today, there is a museum located there. In 1967, Nixdorf had the idea of not just selling via distributors anymore, but to sell the products by himself. The first companies were built and the Labor für Impulstechnik was also represented in Berlin. The first public move was when the company bought their biggest client, the Wanderer-Werke in Cologne.
Development of the Nixdorf Computer AG
With the buy of the Wanderer shares in 1968, followed the merger between the former Wanderer Werken and the Labor for Impulstechnik to the Nixdorf Computer AG on October 1, the same year. The place of business was in Paderborn. Because of the electronic data processing as a new concept, the company had a quick success. Producers like IBM were trusted on mainframes but Heinz Nixdorf recognized that mainframes were too expensive for many concerns, so he presented the Nixdorf 820. With that he brought the computer directly to the office and the people could afford it.
Because of a 100 million D-Mark order in 1968, the first computers made their way from Paderborn over the sea. Later, the Nixdorf Computer AG also settled down in the United States and in Japan. In the 70's, the Nixdorf Computer AG grew to the market leader in the mid-range computing in Germany and was the fourth largest computer company in Europa with places in Germany, Ireland, Spain, the United States and Singapore. In 1972, it was represented in 22 countries. Because of the expansion, the company grew faster and bigger and so they had to build new buildings. In 1971, the new central office was applied, today it is called the Heinz Nixdorf Aue and in the building is the Heinz Nixdorf Museums Forum and the Heinz Nixdorf Institut of the Universität Paderborn.
In 1975, the Heinz Nixdorf Company produced a new generation of data capturing: the 88xx-line. It was very successful and one year after the 25 years anniversary, in 1978, the Heinz Nixdorf AG made a billion D-Mark. Worldwide, they had over 10,000 employees.
With the thought of training his employees, Nixdorf found a trade school in 1969, which was done in 1972: the Bildungszentrum für informationsverarbeitende Berufe (b.i.b.). Heinz Nixdorf was an ambitious sportsman so he wanted his employees to do sports as well. Because of that he build the Ahorn-Sportpark in Paderborn, which was right next to the central office. The sports park was also for the citizen and today it is still free. To connect new employees, the company made every quarter of a year a one-week program. The new employees could see the company and they had to make a presentation in groups. The goal was to integrate the new employees and to teach them. With that the company hoped the employees would be educated the best and that they would be long in the concern.
Because of the fast development of the company, the NCAG needed more money. Nixdorf refused an offer from the Volkswagen AG, but agreed with the Deutsche Bank which gave the concern 200 million D-Mark for 25 percent. By going public to the Börse Düsseldorf they got 300 million D-Mark in 1984 as well. One year later, the emission brought 700 million D-Mark. The production capacity in the inland and outland was also extended.
The Nixdorf AG made 4 billion D-Mark in 1985, the win was 172 million D-Mark. At this moment, the company had 23,000 employees in 44 countries. The following year was shadowed by the death of Heinz Nixdorf. He died because of a heart attack on March 17, 1986 at the CeBIT in Hannover.
Development of the Nixdorf AG after his death
The follower of Nixdorf was Klaus Luft, who made some records in the first year. The turnover was 5 billion D-Mark and the company had 30,000 employees. But the company couldn't follow the change of the computers and missed important products like the personal computer. Because of the loss of money, Luft had to give away his job after 3 years to Horst Nasko. Because of the loss of money the chairpersons were compelled to sell the company.
Takeover by Siemens
On October 1, 1990, Siemens took over the Nixdorf shares and the merger between the Nixdorf Computer AG and Siemens followed to the Siemens Nixdorf Informationssysteme (SNI). Thousands of people were made redundant in Paderborn the same year, because Siemens needed to strealine the company. Siemens became the largest computer company in Europe.
Formation of new companies
On October 1, 1999, the SNI was overtaken by Kohlberg Kravis Roberts and Goldman Sachs Capital Partners. The name was changed in Wincor Nixdorf GmbH. Since 2004 the company is going public at the Frankfurter Börse as Wincor Nixdorf AG. It produces cash points, cash registers and reverse vending machines.
Products
system families