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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.
CFO Pernille Fabricius will assume a new role as Executive Vice President for Strategy, Transformation and M&A, and Carsten Ringius will join the Executive Management of NNIT as CFO from December 1, 2022.
NNIT announced the transformative divestment of the Group’s infrastructure business, initiated the carve-out process and continued the efforts to consolidate global delivery capabilities in Q2 2022, which was marked by slower-than-expected sales performance. The temporary suspension of NNIT’s full-year outlook is maintained.
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.
In Q1 2022, NNIT saw a decline in revenue and earnings mainly due to a temporary decline in capacity utilization. Positively, a number of significant contracts were signed, and strategic initiatives progressed as planned. Outlook for the full-year is maintained.
NNIT has appointed Camilla G. Møhl as its new SVP and Chief People, Communications and Marketing Officer. She will join NNIT Group Management no later than May 1, 2022.
With the acquisition of prime4services, Europe's leading provider of Manufacturing Execution System services, the NNIT Group further solidifies its position within the international life sciences industry.prime4services operates solely within the life sciences industry providing supplier-independent consulting and engineering services for digitalization of manufacturing processes, primarily th
NNIT will be responsible for the operation, service and support of Banedanmark’s administrative IT systems and applications, including service desk and onsite support.
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.
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