Dover Corp. expects to sell financially troubled off-premise ATM manufacturer Triton Systems of Delaware Inc. before the end of the year, Paul Goldberg, Dover treasurer and director of investor relations, tells ATM&Debit News, a CardLine sister publication. Dover, a New York-based $7.4 billion company with a large manufacturing portfolio, said Wednesday it is close to selling Triton to an undisclosed buyer. Robert Livingston, Dover president and chief operating officer, says the company has "a viable buyer currently in place that [will] allow us to move the process forward." Goldberg said, "There are several interested parties." When ATM&Debit News pointed out the discrepancy between his statement and Livingston's, Goldberg declined to say more. Dover is selling Triton because it is not a core product to Dover's business, and Triton does not control the market share Dover expects from its companies. "If you know our company, they are either No.1 or No 2 in their markets," Goldberg says. "We did not feel we could become one of the bigger players in the [ATM] market." Triton is one of the nation's largest off-premise manufacturers. In 2006, the Long Beach, Miss.-based company shipped 12,300 ATMs, placing it fourth behind NCR Corp., Diebold Inc. and Tranax Technologies Inc. Triton's 2006 shipments, however, were down 16.4% from 14,782 shipments in 2005. Triton has not disclosed how many ATMs it shipped last year.
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