Expansion of the European digital government business through the acquisition of KMD
First written in FY2019-Q3. 2 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2023.
No other company in this theme has enough history to compare yet.
- FY2023AdvancedAnnual report
「In the digital government and digital finance sectors, the company steadily expanded orders and revenue, mainly from customers in Europe and Asia, despite customers restraining IT investment amid concerns over a global economic downturn due in part to the situation in Ukraine.」
The company disclosed growth in orders and revenue in Europe and Asia despite concerns over an economic downturn in its digital government and finance businesses, including overseas business platforms such as KMD. - FY2022AdvancedAnnual report
「In the digital government and digital finance sectors, in addition to receiving a large-scale renewal order from an existing European customer for a core banking system for wealth management, the company decided to deliver the same system to a new customer in Asia by leveraging global synergies between the company and its subsidiaries.」
The company disclosed a large-scale renewal order in Europe and a decision to deliver to a new customer in Asia in its digital government and finance businesses, built on acquisitions including KMD. - FY2021-Q1Discontinuation of part of the acquired company's businessAnnual report
「Global business revenue decreased by ¥17.2 billion, or 15.1%, year on year to ¥97.0 billion, despite an increase in marine systems revenue, due to declines in displays and wireless backhaul, as well as the discontinuation of certain businesses at KMD that had been anticipated at the time of the acquisition.」
The company disclosed that the discontinuation of part of the business affected results following the acquisition of KMD. - FY2019AchievedAnnual report
「The company acquired KMD Holding on 21 February 2019, and KMD Holding and KMD became consolidated subsidiaries.」
The company completed the acquisition of all shares of KMD, acquiring a platform-based and recurring business foundation in the digital government sector. - FY2019-Q3First statedAnnual report
「Through this acquisition, the company will gain a platform-based business model in the digital government sector and aims to expand from the Nordic region across Europe and globally. Going forward, it will seek to create solutions that deliver new customer value by combining its biometric authentication technology, Bio-IDiom, and its suite of advanced AI technologies, NEC the WISE, with KMD's software. It will also promote the cross-selling of software between KMD and Northgate Public Services, the British company it acquired in January 2018, and the global expansion of KMD's software using the NEC Group's sales channels. The company plans to invest DKK 8.0 billion, approximately ¥136.0 billion, in connection with the acquisition. The share purchase is scheduled to be completed around the end of February 2019.」
On 27 December 2018, the company entered into a share purchase agreement to acquire all shares of the holding company of KMD, Denmark's largest IT company. It aims to acquire a recurring software and IT services platform for digital government and expand across Europe and globally by combining it with Bio-IDiom, NEC the WISE, Northgate Public Services and NEC's sales channels. The planned investment is DKK 8.0 billion, approximately ¥136.0 billion, and completion was scheduled for around the end of February 2019.