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NNIT — M&A Activity 2022
Dec 8, 2022
3409_iss_2022-12-08_34553f25-fcfa-4247-9b71-c89aef3addef.pdf
M&A Activity
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Company announcement 16/2022
NNIT now expects closing of infrastructure operations divestment in Q1, 2023
The divestment of NNIT's infrastructure operations to funds managed by Agilitas Private Equity LLP announced on June 22, 2022 is progressing well, and is now expected to close in Q1, 2023, against the initial expectation of closing the transaction six months from announcement, cf. company announcement 9/2022.
The transaction requires consent of customers of the infrastructure operation. Most customers have by now rendered their consent, however the updated timeline reflects a few customers' internal approval processes, which we respect, as well as the pending approval processes with competition authorities and other regulatory authorities.
Due to the ongoing divestment process, NNIT will not provide financial guidance for 2022 and expects to update its financial calendar regarding publishing date for annual report for 2022 and date for Annual General Meeting in 2023. Any revision to the financial calendar will be announced during January 2023.
Contact for further information Carsten Ringius EVP & CFO Tel: +45 3077 8888
Media Relations Tina Joanne Hindsbo Media Relations Manager Tel: +45 3077 9578 [email protected]
The NNIT Group provides a wide range of IT and consulting services internationally. In Denmark, where the Group HQ is based, we are one of the leading IT companies, servicing both private and public sector customers across all industries. In the rest of Europe, Asia and USA, we are solely focused on companies within life sciences. Supporting the entire supply chain, we help optimize internal company processes, production, sales and customer experiences: We advise, build, operate and support, enabling digital transformation and customers to reap the full potential of their organizations. Our role is to foster innovation and make the mark our customers and we aspire to. The NNIT Group consists of group company NNIT A/S and subsidiaries SCALES, Excellis Health Solutions, SL Controls, and prime4services. Read more at www.nnit.com.
2860 Søborg www.nnit.com
1 of 1 NNIT A/S Østmarken 3A Telephone: +45 7024 4242 Denmark CVR No: 21 09 31 06