NEC announces an Agreement
2012-05-31NEC has announced an agreement to acquire Australian ICT company CSG Limited’s Technology Solutions business. The transaction includes the complete Technology Solutions business. This acquisition is consistent with NEC Corporation’s global growth strategy to further develop its ICT services capabilities. It also strongly supports NEC Australia’s vision of becoming a leading Australian ICT services company and significantly broadens its capability set in high growth services.
“The new organization will have the capabilities and scale to successfully compete for some of Australia’s largest ICT contracts. It also provides a comprehensive solution and services platform to strategically extend Asia Pacific business development opportunities for communications and IT solutions and services growth,” said Dr. Nobuhiro Endo, President, NEC Corporation.
This expanded capability will allow NEC Australia to offer an extensive value proposition providing both innovative solutions to customers and addressing their top business priorities as they seek to transform their businesses in a rapidly changing technology environment.
The acquisition, which is subject to several standard sales conditions and final Foreign Investment Review Board approvals, is expected to be finalized in 30-60 days.
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