NNIT completes transformative divestment of infrastructure operations to become a highly specialized IT services provider

Today, NNIT has completed the transformative divestment of the Group’s infrastructure operations to funds advised by Agilitas Private Equity LLP.

The overall scope of the divestment of the infrastructure operations is unchanged except that the Group’s Chinese activities, including shares in its Chinese subsidiary, will remain with NNIT.

Following closing of the transaction, the refocused NNIT will encompass approximately 1,700 skilled employees in the two business areas Life Sciences Solutions and Cloud & Digital Solutions, delivering high-quality solutions and services in attractive markets with strong growth prospects – and operating in Denmark, the Czech Republic, Germany, Switzerland, the UK and Ireland, USA, the Philippines, China, Singapore and Poland. The transformative divestment serves as a pathway to become a highly specialized IT services provider.

The purchase price (Enterprise Value on a debt free basis) for the divested operations is DKK 1,350 million after EBITDA adjustments at closing of the transaction.

Pär Fors, CEO of NNIT, comments:

”We are thrilled to successfully complete the divestment of the infrastructure operations after months of dedicated work, enabling us to pursue exciting new opportunities through industry mastery and delivery of superior quality. This transformative transaction is a major step in our efforts to reshape NNIT and emerge as a highly specialized IT services provider exclusively focused on the Life Sciences and Cloud & Digital Solutions business units in globally attractive markets with a high demand for our unique competences and proven ability to navigate complexity. We look forward to embarking on this new beginning for NNIT and developing our business to drive growth, deliver operational excellence and improve profitability.”