Fund of Agilitas Private Equity Services Limited acquired IT infrastructure outsourcing business of NNIT from NNIT A/S for DKK 1.5 Billion.
April 27, 2023
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Fund of Agilitas Private Equity Services Limited entered into an agreement to acquire IT infrastructure outsourcing business of NNIT from NNIT A/S (CPSE:NNIT) for DKK 1.5 Billion on June 22, 2022. IO business reported proforma revenue of approximately DKK 1.4 billion in 2021. Kevin Iermiin, Partner of Agilitas who will be joining the board of NNIT IO. Henrik will start as CEO of NNIT IO following closing of the transaction. The closing of the transaction is subject to the successful completion of the carve-out and regulatory approvals. Steffen Forde and Rasmus Zander Iversen of Nordea Bank Danmark A/S acted as exclusive financial advisor to NNIT A/S. As of December 8, 2022, the transaction is expected to close in Q1, 2023. As of March 23, 2023, the closing of infrastructure operations divestment postponed to first half of q2, 2023, due to delayed FDI approval process with the Danish Business Authority. As of March 23, 2023, The competition authority approval has been obtained. As of April 26, 2023, the expected closing date is April 28, 2023. In connection with completion of the divestment, substitute to the employee-elected representatives of the Board of Directors, Trine lo Bjerregaard, has been succeeded by Anette Pedersen.
Fund of Agilitas Private Equity Services Limited completed the acquisition of IT infrastructure outsourcing business of NNIT from NNIT A/S (CPSE:NNIT) on April 28, 2023.
NNIT A/S is a Denmark-based information technology (IT) company engaged in consulting, development and outsourcing. It dedicates its offer to enterprises, public sector, finance institutions and life sciences companies. It provides three main types of services: consulting, comprising services in the areas such as business optimization, organization changes, security, compliance, mobility and cloud; outsourcing of applications, including services within SAP, Microsoft, Siebel, Documentum, Oracle and other platforms; and support, including service desk and application and online support. The Company's portfolio of services also includes integration platform as a service (iPaaS), which implies a tool for system integration in the cloud.