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NEC acquires Northgate Public Services for £475m

Japanese mechanism services and hardware association NEC has acquired Northgate Public Services, a UK public-sector focused services company, in a understanding valuing Northgate during £475m.

Following execution of a transaction, a Company will continue to be named Northgate Public Services, while Cinven, Northgate’s private equity owner, will keep a minority interest and a position on a company’s board.

Northgate’s sale comes after a turnaround led by CEO Stephen Callaghan following his appointment in 2016.

Contract wins over a past dual years a £12m understanding to supply a housing-management program to South Australia Housing Trust, as good as “substantial” contracts with Richmond Council, Wandsworth Council and West Midlands Police in a UK. In total, Northgate claims that it works with 95 per cent of UK internal authorities.

For NEC, a merger will yield an opening for some of a technologies. NEC’s biometric scanning and facial approval products will be integrated into some of Northgate’s core program platforms, while a association will also be means to daub NEC’s technical imagination in citizen entrance and intelligent cities technologies.

“The care group from NPS will sojourn in their roles following a acquisition, and there are no skeleton for any pursuit cuts or redundancies as a outcome of a transaction,” affianced a dual companies in a statement.

The CEOs of both companies were, understandably delighted. Callaghan suggested that a work finished in transforming Northgate over a past dual years had done a association “a rarely appealing item to NEC” and that it “represents a step-change in a ability to offer a clients”.

He added: “The increasing financial strength, technical capability and marketplace entrance support NEC provides will concede us to accelerate a expansion skeleton extremely and we am eager about a destiny prospects.”

NEC boss and CEO Takashi Niino described it as a “highly vital merger for NEC” and “a win-win transaction for all parties”. Echoing Callaghan, he pronounced that a understanding would assistance NEC to enhance a “world heading biometrics and AI technology”.

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