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IT

NEC says Japanese overseas development fund invests in Danish company KMD

Thursday 28 February 2019 | 12:30 CET | News
NEC has announced the completion of its acquisition of KMD Holding, parent of Danish IT company KMD, making it an NEC subsidiary from 21 February. NEC has also decided to accept an equity investment from Fund Corporation for the Overseas Development of Japan's ICT and Postal Services (JICT) for the special purpose company that NEC established in Denmark for the KMD acquisition.  NEC will transfer some of its shares in the special purpose company to JICT for DKK 1.12 billion in March of this year, giving JICT approximately 15 percent.

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Categories: IT
Companies: NEC
Countries: Denmark / Japan
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