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NNIT completed the carve-out and divestment of its infrastructure business on April 28. The Group delivered solid business performance, generating revenue growth of 16% (11% organic) to DKK 413 million in Q1 2023 and improved the operating profit margin significantly to 4.9% on the back of higher revenue and utilization.
Today, NNIT has completed the transformative divestment of the Group’s infrastructure operations to funds advised by Agilitas Private Equity LLP.
Besides continuing our existing initiatives, 2022 included important extensions of our efforts, among which is our commitment in august to the Science Based Targets initiative, and a significant increase in our GHG Scope 3 reporting.
NNIT set out to enable future growth in 2022 and launched strategic initiatives to unlock the Group’s full business potential as a specialized IT consulting business focused on the two core business areas of Life Sciences Solutions and Cloud & Digital Solutions with a strong and consolidated Global Delivery Center and streamlined operations.
New CFO Carsten Ringius has a vision for Corporate Finance and the value-adding role it will play on NNIT’s road to becoming a leading provider of IT consulting services to life sciences and other regulated industries, but his first order is to complete the financial split related to the divestment of the Infrastructure Operations business.
Following an audit of our Environmental Management System, carried out by ISO certifiers DNV earlier this month, the NNIT headquarters formally received its ISO 14001 certification on February 8.
After a long and very successful career within life sciences consulting, most notably within pharma production, Associate Vice President and Head of NNIT Production and Laboratory Thomas Halfmann has decided to leave NNIT and the consulting business to wholeheartedly pursue a career within photography.
With the integration of Valiance, NNIT has added another dot to its world map. The Ireland office is situated in Dublin and is home to 42 full-time employees.
NNIT continued to execute on the carveout of the Group’s infrastructure business and sustained the efforts to consolidate global delivery capabilities in Q3 2022 while seeing improved earnings in line with expectations.
As of October 10, 2022, Valiance® has been fully integrated with NNIT. All employees and business activities have been merged into the appropriate NNIT subsidiaries in Europe and the US.
Today, we have completed the merger of prime4services with NNIT. All employees and business activities have been merged into the appropriate NNIT units in our central European locations.
Since the beginning in 1994, NNIT has been dedicated to “IT for Life Sciences;” and following a number of strategic acquisitions, the global organization now offers IT solutions and services for most parts of the life sciences value chain.
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