NPM Capital to acquire ICT Group for €141m.

Private equity firm NPM Capital offered to acquire ICT Group, an industrial-technology solutions provider, for €141m. "The Supervisory Board unanimously supports the offer as we believe it will be beneficial to all ICT Group’s stakeholders. The strategic review conducted by the Executive Board showed that, also in the context of our consolidating industry, ICT Group should accelerate its growth strategy and that this could be achieved best in a private environment. After a diligent and carefully executed competitive bidding process we concluded that the offer by the Consortium best serves the interest of all ICT Group’s stakeholders. The transaction reflects a compelling offer price for our shareholders, while best safeguarding the interests of both our employees and customers," Theo van der Raadt, ICT Chairman of the Supervisory Board.