NEC Corporation Completes CSG's Technology Solutions Business Acquisition
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NEC Corporation Completes CSG's Technology Solutions Business Acquisition - JCN Newswire
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NEC Corporation Completes CSG's Technology Solutions Business Acquisition
 
Consolidating NEC Australia's position as a leading ICT services provider in the local market

Tokyo and Melbourne, July 2, 2012 - (JCN Newswire) - NEC Corporation (NEC; TSE: 6701) today confirmed completion of the acquisition of CSG's Technology Solutions business, following Foreign Investment and Review Board (FIRB) approval and finalisation of several standard sales conditions.

The transaction includes all of CSG's Technology Solutions business, which provides end-to-end IT solutions and services, including managed services, enterprise services and strategic consulting. This investment will position NEC Australia Pty Ltd as one of the top tier ICT companies in Australia, by revenue (over A$400m) and employees (approximately 1,550).

The transaction marks another successful milestone as NEC continues its corporate growth strategy to further develop its ICT services capabilities. It also strongly supports NEC Australia's vision of becoming a leading Australian ICT Solutions and services company, and significantly broadens its capability set in high growth services such as ERP, CRM, Business Intelligence, managed services and cloud based business solutions, creating better value for existing and future customers.

The acquired business will operate as an independent business unit of NEC Australia with senior executives reporting directly to Alan Hyde, Managing Director, NEC Australia.

"This depth and breadth of expertise allows NEC Australia to deliver end-to-end ICT solutions and services, helping customers gain better business value from their ICT investments," said Mr. Hyde. "The merger will ensure retention of local expertise and will enhance our ability to present a strong local footprint in the Australian market."

With a strong track-record working with Australian Government agencies, at both state and federal levels, the acquisition of CSG's Technology Solution business provides NEC Australia with enhanced service capabilities for Federal public sector opportunities and a strong physical presence in all states around the country.

About NEC Australia

NEC Australia is one of Australia's leading ICT companies, delivering a complete portfolio of solutions and services to a wide range of enterprise and government customers, of all sizes, across multiple industry verticals, helping customers gain better business value from their ICT investments. The Communications Solutions division provides a full range of communications solutions and associated support services, including systems integration, specialist communications solutions, data networking, unified communications and collaboration, broadband access network, biometrics, digital signage and display solutions, supporting multi-vendor environments. The IT Solutions division offers a full range of ICT services including consultancy, business process and project services, applications and solutions development, and infrastructure and applications managed services. For more information, visit NEC Australia at www.nec.com.au or follow on Twitter @NEC_Australia

About NEC Corporation

NEC Corporation (TSE: 6701) is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.

Contact:

Takehiko Kato
NEC Corporation
Tel:+81-3-3798-6511
E-mail: t-kato@cj.jp.nec.com

Joseph Jasper
NEC Corporation
Tel:+81-3-3798-6511
E-mail:  j-jasper@ax.jp.nec.com
 


July 2, 2012
Source: NEC Corporation

NEC Corporation (TSE: 6701) (FTSE: NEC.IL) (U.S: NIPNY)

From the Japan Corporate News Network
http://www.japancorp.net
Topic: Merger & Acquisition
View more news from these Sectors: IT & Internet General


 
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