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Home>>Daily News>>Indonesia>>It&Electronics >>NEC to buy Danish IT firm KMD for $1.2 billion
NEWS UPDATES Asean Affairs   December 28, 2018  



NEC to buy Danish IT firm KMD for $1.2 billion

Japan's NEC said Thursday that it would buy Denmark's largest IT firm KMD for $1.2 billion as part of its effort to expand its European and global businesses.

Under the plan, the information technology giant will buy all shares of KMD Holding ApS for 8 billion krone by the end of February next year, NEC said in a statement.

"Through this acquisition, NEC will acquire a business model that leverages platforms in the digital government domain as it aims to expand business from northern Europe to the whole of Europe and globally," it said.

The acquisition will be finalised after NEC completes the necessary procedures, including getting the approval of the European Commission.


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ASEAN NEWS UPDATES      Updated: 04 January 2011

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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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