Founded by [[Heinz Nixdorf]], [[Nixdorf Computer]] was formed in 1952. In 1990, the company was purchased by [[Siemens AG]] and renamed [[Siemens Nixdorf Informationssysteme]].<ref>{{Cite news|url=https://www.nytimes.com/1990/01/11/business/company-news-siemens-buying-51-of-nixdorf.html|title=Siemens Buying 51% Of Nixdorf|last=Protzman|first=Ferdinand|date=|work=The New York Times|access-date=2018-04-18|language=en}}</ref> The company was re-focused exclusively on its current product, set in 1998, and renamed '''Siemens Nixdorf Retail and Banking Systems [[GmbH]]'''. Following a buyout by [[Kohlberg Kravis Roberts]] and [[Goldman Sachs Capital Partners]] on October 1, 1999, the company was renamed Wincor Nixdorf. The company was taken public May 19, 2004, with a successful [[IPO]]. On November 8, 2006, Chief Executive Officer [[Karl-Heinz Stiller]] announced his resignation from the Board of Directors. Eckard Heidloff was elected as his replacement.<ref>[http://atmmarketplace.com/article.php?id=8026 BREAKING: Stiller steps down, Heidloff named Wincor's new CEO] atmmarketplace.com Nov 8, 2006. {{Webarchive|url=https://web.archive.org/web/20070211061121/http://www.atmmarketplace.com/article.php?id=8026 |date=February 11, 2007 }}</ref>
