NEC - M&A Summary and Business Overview

Technology HardwareCompany

NEC M&A Summary

NEC has acquired 13 companies, including 5 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 7 assets.

NEC’s largest acquisition to date was in 2018, when it acquired KMD A/S for $1.2B. It’s largest disclosed sale occurred in 2023, when it sold NEC - Wireless Transport Business to Aviat Networks for $70M. NEC has acquired in 3 different US states, and 8 countries. The Company’s most targeted sectors include software (39%) and information technology (31%).

NEC Business Overview

Where is NEC headquartered?

NEC is headquartered in Tokyo, Japan.

What is NEC’s revenue?

NEC disclosed revenue of 3,014,095M JPY for 2022 and 2,994,023M JPY for 2021.

How many employees does NEC have?

NEC has 114,714 employees.

What sector is NEC in?

NEC is a technology hardware company.

When was NEC founded?

NEC was founded in 1899 .

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity13
    • M&A Sell Activity7
  • Total Sectors Invested 6
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 14

NEC

NEC Corp.

7-1, Shiba 5-chome Minato-ku,
Tokyo, 108-8001
Japan,
+81 3 3454 1111
www.nec.com

NEC is a global provider of IT hardware and solutions. The Company also offers systems integration services, such as systems implementation and consulting services. NEC was founded in 1899 and is based in Tokyo, Japan.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 9 1 1 2 - - 13
vol $1.9B $1.9B
Sell (0.6/yr) # 4 2 - - 1 - 7
vol $70M $70M $140M
  20

Most Recent M&A

Company Date Value Type
NEC - Wireless Transport Business 2023-05-09 70M USD Divestiture
Tokyo, Japan
Aspire Technology Unlimited Co. 2022-07-01 - Add-on Acquisition
Dublin, Ireland · www.aspiretechnology.com
Blue Danube Systems, Inc. 2022-01-28 - Add-on Acquisition
Santa Clara, California · www.bluedanube.com
Capita Secure Solutions and Services 2021-10-01 - Add-on Acquisition
London, United Kingdom · www.capita-sss.com
Avaloq Group AG 2020-12-23 - Add-on Acquisition
Zürich, Switzerland · www.avaloq.com
SINCERE Corp. 2020-08-28 - Divestiture
Tokyo, Japan · www.sincerehq.com
Showa Optronics Co., Ltd. 2020-03-25 - Divestiture
Tokyo, Japan · www.soc-ltd.co.jp
OncoImmunity AS 2019-07-29 - Add-on Acquisition
Oslo, Norway · www.oncoimmunity.com
KMD A/S 2018-12-27 1.2B DKK Add-on Acquisition
Ballerup, Denmark · www.kmd.dk
Northgate Public Services Ltd. 2018-01-09 731M GBP Add-on Acquisition
Hemel Hempstead, United Kingdom · www.northgate-ispublicservices.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 5 (38%) 731M (38%) - -
Information Technology 4 (31%) 1.2B (62%) 1 (14%) -
Electrical Equipment 1 (8%) - 1 (14%) 53M (37%)
Semiconductors 1 (8%) - 1 (14%) -
Business Services - - 2 (29%) 70M (50%)
Communications 1 (8%) - - -
Medical Products 1 (8%) - - -
Manufacturing - - 1 (14%) -
Technology Hardware - - 1 (14%) 18M (13%)
Total 13 $1.9B 7 $140M

By Geo

State/Country Buy Value Sell Value
Japan 3 - 7 140M
United States 3 - - -
  Massachusetts 1 - - -
  Illinois 1 - - -
  California 1 - - -
United Kingdom 2 731M - -
Brazil 1 - - -
Denmark 1 1.2B - -
Ireland 1 - - -
Norway 1 - - -
Switzerland 1 - - -
Domestic 3 (23%) - 7 (100%) 140M (100%)
Cross-border 10 (77%) 1.9B (100%) - -
Total 13 $1.9B 7 $140M

Deal Values

buy # Total
> $1B 1 $1.2B
$100M to $1B 1 $731M
TOTAL $1.9B
Largest KMD A/S
$1.2B (2018-12-27)
sell # Total
< $100M 3 $140M
TOTAL $140M
Largest NEC - Wireless Transport Business
$70M (2023-05-09)

M&A Connections

Deals
Acquired from
Investor(s)
38%
5 (38%)
Divested to
Investor(s)
29%
2 (29%)
Strategic(s)
71%
5 (71%)

Company Summary

SECTOR

Technology Hardware

Revenue

3,014,095   1% 2022
2,994,023   4% 2021
3,095,234   7% 2020
2,913,446   3% 2019
2,844,447   7% 2018
2,665,035   6% 2017
2,821,181   4% 2016
2,935,517   2015
(millions of JPY) Show More Show Less

Employees

114,714

Established

1899

Public

Tokyo (TSE): 6701

Former Name

Nippon Electric Company, Limited

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