- KMD's annual revenues were roughly US$650 million in 2017.
- Roughly 72 percent of revenues are recurring in nature.
- The company has an EBITDA margin of about 19%
- That KMD means profits were about US$123.5 million in 2017.
- That also means NEC valued KMD at just under 10 times EBITDA based on 2017 numbers; we don't have 2018 financial results.
- Been in business for more than 45 years;
- grown for more than 20 years;
- delivered more than 300 solutions and services based on the company's own software;
- emerged as Denmark's largest software development center; and
- grown to more than 3,200 employees.
NEC Acquires KMD: Executive Perspectives
In a prepared statement about the deal, NEC CEO Takashi Niino said:"Denmark and the United Kingdom are considered European role models for the implementation of unified digital government measures in order to improve administrative services and reduce costs. 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."
"This is an historic moment for KMD. Becoming a part of NEC will give KMD a new and very robust platform for the strategic development of our business. NEC develops cutting-edge technologies and has a global organization with strong capabilities. NEC is a world-renowned brand and like us has a strong history when it comes to the development of society through technology. NEC focuses on solutions for society and we are proud that NEC acknowledges our competencies in this respect. We look forward to working together on achieving new common goals and making even better products for our customers."