NEC Corporation £475 million acquisition of Northgate Public Services

Overview:

• NEC Corporation has acquired Northgate Public Services for £475 million from Cinven.
• Northgate Public Services provides IT software and solutions to public sector entities in Australia, Canada and the UK.
• NEC is a Japanese listed IT integration and networking business.
• The combined company will focus on improving identity authentication, AI and image analysis.
• Cinven acquired its stake in the company in 2014.
• Cinven was advised by DC Advisory, KPMG, Deloitte and OC&C.

Sam Duke - Editor