Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  NEC Corp    6701   JP3733000008

NEC CORP (6701)
Mes dernières consult.
Most popular
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Japan's NEC considers buying Civica for $1.2 billion - Sky News

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/14/2017 | 05:32am CEST
Logo of NEC Corp is pictured at CEATEC JAPAN 2016 in Chiba

Japanese information technology company NEC Corp is looking at buying British software firm Civica for 900 million pounds and has hired advisors to work on an offer, Sky News reported.

An auction for Civica, one of the UK's biggest public sector software providers, began several weeks ago and has drawn initial offers from three private equity firms - London-based BC Partners, Berkshire Partners and the Swiss-based Partners Group, Sky News said, citing an industry source.

A spokesman for NEC said the company is "always considering a wide range of business possibilities, but that nothing has been decided at this time."

Representatives for Civica were not immediately available for comment outside regular business hours.

OMERS Private Equity acquired Civica from 3i in 2013 for 390 million pounds, according to Thomson Reuters LPC data.

Civica provides outsourcing services to government organisations and local authorities around the world, from running most of the UK police force's automatic number plate recognition system to Singapore's public library management system.

NEC provides a broad range of systems and software services for both the public and private sector. Recent contracts include the provision of its facial recognition system to the UK's South Wales Police force and one to integrate internal systems for the city of Lisbon.

The Japanese firm sold most of its stake in its PC joint venture with Lenovo Group last year, a part of a broader trend of Japanese companies shedding struggling hardware businesses.

NEC shares were flat in morning trade in Tokyo, compared with a 0.1 percent rise in the benchmark Nikkei share price index.

(Reporting by Mekhla Raina in Bengaluru and Sam Nussey in Tokyo; Editing by Edmund Blair and Edwina Gibbs)

Stocks treated in this article : Partners Group Holding AG, NEC Corp
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NEC CORP
05:12p Fujitsu - Formation of Flexible Factory Partner Alliance to Accelerate Use of..
06:45a NEC : Launch of research and development on a coastal disaster simulation system
07/26NEC CORP : quaterly earnings release
07/26 NEC : turns to glitter pens to create identification tags
07/26 NEC : Formation of Flexible Factory Partner Alliance to Accelerate Use of IoT in..
07/25 NEC : AI-based system detects polyps, signs of cancer at early stage
07/21 GLOBAL FACIAL RECOGNITION SYSTEM MAR : NEC Corporation, 3M Cogent, Synel, Cognit..
07/21 NEC : to Revise Business Segments
07/20 NEC : Patent Issued for Server Function Switching Device, Method and Program, an..
07/20 NEC : "Antenna, Antenna Array, and Wireless Communication Device" in Patent Appl..
More news
News from SeekingAlpha
04/27 NEC Corp. reports FY results
01/31 NEC Corp. 2017 Q3 - Results - Earnings Call Slides
2016 The World In 2020 And What Companies To Own
2016 Energy Storage - The Dams Of Our Energy Future
2016 What's Your Smart Grid I.Q.?
Financials ( JPY)
Sales 2018 2 798 556 M
EBIT 2018 -
Net income 2018 34 070 M
Debt 2018 222 170 M
Yield 2018 2,08%
P/E ratio 2018 23,21
P/E ratio 2019 16,86
EV / Sales 2018 0,36x
EV / Sales 2019 0,34x
Capitalization 773 606 M
Chart NEC CORP
Duration : Period :
NEC Corp Technical Analysis Chart | 6701 | JP3733000008 | 4-Traders
Technical analysis trends NEC CORP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Average target price 268  JPY
Spread / Average Target -9,8%
EPS Revisions
Managers
NameTitle
Takashi Niino Executive President, CEO & Representative Director
Nobuhiro Endo Chairman
Isamu Kawashima CFO, Director & Managing Executive Officer
Katsumi Emura Director & Chief Technology Officer
Takaaki Shimizu Director & Chief Marketing Officer
Sector and Competitors
1st jan.Capitalization (M$)
NEC CORP-4.19%6 969
ACCENTURE10.09%83 503
TATA CONSULTANCY SERVICES LIMITED8.98%76 320
AUTOMATIC DATA PROCESSING0.39%47 417
COGNIZANT TECHNOLOGY SOLUTIONS25.02%41 259
NETEASE43.44%41 129