M&A Deal Summary

NEC Acquires KMD A/S

On December 27, 2018, NEC acquired information technology company KMD A/S from Advent International for 8.0B DKK

Acquisition Highlights
  • This is NEC’s 3rd transaction in the Information Technology sector.
  • This is NEC’s largest (disclosed) transaction.
  • This is NEC’s 1st transaction in Denmark.

M&A Deal Summary

Date 2018-12-27
Target KMD A/S
Sector Information Technology
Buyer(s) NEC
Sellers(s) Advent International
Deal Type Add-on Acquisition
Deal Value 8.0B DKK

Target

KMD A/S

Ballerup, Denmark
KMD A/S is a provider of IT software solutions and services to the Danish municipalities and central government. KMD was formed in 1972 and is based in Ballerup, Denmark.

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Buyer(S) 1

Buyer

NEC

Tokyo, Japan

Category Company
Founded 1899
Sector Technology Hardware
Employees105,276
Revenue 3.48T JPY (2024)
DESCRIPTION
NEC's office in Santa Clara, California.
NEC's office in Santa Clara, California.

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.


DEAL STATS #
Overall 8 of 13
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 7 of 12
Country (Denmark) 1 of 1
Year (2018) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Northgate Public Services

Hemel Hempstead, United Kingdom

Northgate Public Services Ltd. is a provider of mission-critical software and Intellectual Property-led services to the public sector in the UK, Australia and Canada. The Group is headquartered in the UK and has more than 2,000 staff worldwide.

Buy £475M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-29 OncoImmunity AS

Oslo, Norway

OncoImmunity AS is a bioinformatics company offering proprietary machine-learning based software to address the key knowledge gaps in the prediction of bone fide immunogenic neoantigens for personalized cancer immunotherapy. OncoImmunity AS was founded in 2014 and is based in Oslo, Norway.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 180 of 222
Sector (Information Technology) 8 of 14
Type (Add-on Acquisition) 68 of 82
Country (Denmark) 2 of 3
Year (2018) 10 of 10
Size (of disclosed) 13 of 52
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 Alianza

Bogotá, Colombia

Alianza is a diversified financial services platform with over 60 years of experience in the sector and US$18+ billion in clients’ assets. Alianza has four (4) principal business lines: asset management (~45% of 2018 revenues), trust & custody services (~35%), brokerage and private equity fund administration services. Alianza was founded in 1986 and is based in Bogotá, Colombia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Concardis

Eschborn, Germany

Concardis is a payment service provider that offers intelligent solutions to meet the extensive requirements for a modern cashless payment process the ability to accept payments made with all major credit and debit cards, including card terminals and contactless payment processes for face-to-face retailers, innovative solutions for e-commerce and m-commerce, as well as support in the form of customer management. Concardis was founded in 2003 and is based in Eschborn, Germany.

Sell -