NEC to acquire KMD from Advent International and Sampension for $1.2bn.

Danish IT group KMD is changing owners. The global private equity firm Advent International and the Danish pension fund Sampension have agreed to sell KMD to the global Japanese technology group NEC for approximately 8bn Danish Kroner ($1.2bn). NEC is stepping up its activities within software for the public sector and sees KMD as one of the world’s leading software providers in this segment. “Through the acquisition of KMD, NEC will gain access to technology, competencies and products that are absolutely world-class. We see huge potential in rolling out KMD’s platforms and experiences from Scandinavia to the rest of Europe and also globally,” Takashi Niino, NEC Corporation President and CEO