NEC Transfers Overseas Network Equipment Resale Business and Other IT Businesses
NEC Corporation announced that it
has entered into an agreement with a consortium led by Assist Group S.r.l. with
business leaders who have extensive experience across a wide range of
industries to transfer its overseas network equipment resale business—which
involves building systems for overseas telecommunications operators and
enterprises using network equipment from partner companies—as well as its IT
services business for governments and local authorities in certain countries,
which includes system development for biometric authentication and smart
cities. The transfer is expected to be completed during fiscal year 2026
subject to customary closing conditions.
The
overseas network equipment resale business operates in regions such as Latin
America, the Asia-Pacific, and Europe, and upon the conclusion of this
agreement, the entire business will be transferred. In addition, the IT
services business for government and local authorities in certain countries
will be transferred, including parts of business in Latin America and Europe,
where operations are primarily centered on the overseas network equipment
resale business.
Until the
completion of the transfer, NEC will continue to operate these businesses as
usual and will work closely with partner companies to ensure a smooth
transition. Furthermore, NEC will continue to supply biometric
authentication-related products in the countries where the IT services business
for government and local authorities is being transferred, even after the
transfer is complete.
Takayuki
Morita, President and CEO of NEC Corporation, commented:
“Leveraging
our deep technical expertise, NEC has contributed to the growth and
problem-solving of customers in various countries through these businesses for
many years. Under the new ownership, which places long-term growth, investment,
and human resource development at the center of its strategy, I am confident
that these businesses will be able to provide even higher-value solutions to
customers in the future.”
NEC aims
to sustainably enhance corporate value and further strengthen profitability by
leveraging strengths, combining its IT services business, which promotes the
implementation of AI throughout society, and its social infrastructure
business, which promotes the comprehensive implementation of security
technologies. This transfer is being carried out as part of a review of NEC’s
business portfolio based on this strategy. Going forward, NEC will pursue
further growth overseas by focusing on its software and services business,
which possesses strong competitive advantages across various industries such as
government and local authorities, finance, and telecommunications.
*Assist
Group is an Italy-based conglomerate founded in 1987 that provides
technology-driven solutions, data intelligence capabilities, and strategic
consulting services.
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