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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.
On December 16, the Danish Agency for Higher Education and Science re-awarded NNIT a contract with a value exceeding DKK 300 million for the development and implementation, and subsequently operation and maintenance, of the future state educational grant and loan payment system in Denmark.
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, NNIT has entered into an agreement to divest its Hybrid Cloud Solutions business unit as well as select parts of its Cloud & Digital Solutions business unit (together “the IO business”) to funds advised by Agilitas Private Equity LLP.
On June 1, NNIT was awarded the contract for delivery of administrative IT systems and services to Danmarks Nationalbank. The contract has an estimated worth of DKK 1 billion and runs for a period of six years with the possibility for extending for another two years. The standstill period has now come to an end, and the contract has been signed.
Together with their business partner Muninn, NNIT has won a new four-year contract with the Danish Health Data Authority for a network detection and response solution to be implemented across the entire Danish healthcare sector.
In August 2022, NNIT will commence work on a new six-year ATP contract, with the possibility of an extension for two periods of 24 months. The contract has a net worth of a lower triple-digit DKK million amount.
In Q4, we saw continued strong growth within the Life Sciences International business while performance within the Private & Public segment remained weak. Once again, our Winning Solutions strategy gained traction, as it now constitutes 55% of NNIT’s revenue compared to 46% in the same period last year.
With effect from January 2022, NNIT and e-nettet have entered into a five-year agreement for infrastructure services and support concerning e-nettet’s portfolio of applications.
In Q3, we saw continued strong growth within the Life Sciences International business, and we strengthened this business further with the addition of SL Controls. Once again, our Winning Solutions strategy gained traction, as it now constitutes 54% of NNIT’s revenue compared to 46% in the same period last year.
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