NEC completed the acquisition of KMD from Advent International and Sampension for DKK8bn.

NEC, a global Japanese technology group, completed the acquisition of KMD, a Danish IT group, from Advent International, a global private equity firm, and Sampension, a Danish pension fund, for DKK8bn. “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