Agilitas Private Equity LLP (“Agilitas”), the pan-European mid-market private equity firm, today announces the signing of an agreement to back the buy-out of NNIT’s IT infrastructure outsourcing business including its Hybrid Cloud Solutions business as well as select parts of its Cloud & Digital Solutions business (together “NNIT IO”). NNIT IO is a leading provider of IT infrastructure outsourcing services to some of the largest Danish private and public institutions.
NNIT traces its origin to the Novo Nordisk Group and utilises its deep roots and experience in the pharmaceutical industry to develop critical IT solutions for a broad range of industries for which quality and security are crucial. Headquartered in Copenhagen, Denmark, NNIT IO has over 25 years of experience, and specialises in managing customers’ business critical IT systems, providing full and customised outsourcing solutions including data storage, servers, networks and related advising and support services such as IT consulting services in relation to the cloud transition and cyber defence. It is one of the few Danish dedicated IT service providers able to combine the professionalism of a global player with the flexible and local approach required to serve the Danish public and private sector customers.
NNIT IO employs approximately 1,500 staff and has a well-invested asset base, including two fully owned state of the art data centres strategically located in the Copenhagen area. It has long-standing relationships with large Danish blue-chip customers within the life-science sector, financial institutions, and the private and public markets, all of whom have critical IT requirements due to operating in complex environments. NNIT IO also provides a unique service to Danish customers who wish their critical data to be kept in Denmark rather than in offshore data centres, providing a greater level of data security.
NNIT IO’s activities are highly resilient, with embedded long term customer relationships and significant transformational potential following the carve-out from NNIT. It serves society by supporting sustainable development in the IT industry, improving IT infrastructure, and developing innovative solutions. NNIT IO is also a sustainability pioneer with 95-100% of energy usage from renewables and very energy efficient data centres.
Kevin Iermiin, Partner of Agilitas who will be joining the board of NNIT IO following closing of the transaction, commented: “This is a pivotal moment for NNIT IO, which we believe will flourish from becoming a standalone company with a dedicated management team. It is a business of high-quality, which is a testament to the talent of its work force. We look forward to working together with the management team and investing further in the business to accelerate growth following closing of the transaction. We will work to ensure continuity, while driving innovative new products and services which will ultimately benefit NNIT IO’s customers. Agilitas has extensive experience of leading investments in Denmark, and a strong enthusiasm for the Danish IT market, having previously backed the buyouts of several Danish companies.” He continued: “The quality of the services provided by NNIT IO and the people behind them have impressed the incoming CEO Henrik Bodskov, who will be leveraging his more than 20 years’ experience in the IT sector, including CEO of IBM Denmark. Henrik will build on the existing platform and bring innovative solutions to help its customers secure and scale their IT infrastructure as they grow.”
Henrik will start as CEO of NNIT IO following closing of the transaction, as he transitions out of his current role at IBM Denmark.
Martin Calderbank, Managing Partner of Agilitas, said: “The IT infrastructure outsourcing market is growing fast, driven by strong digital transformation tailwinds. We are delighted to partner with NNIT IO, whose services are essential to maintain the operations of its public and private sector customers and to ensure the protection of their data and operations. Together with the management team, we will strive to continue to answer their critical needs with innovative and sustainable solutions.”
The closing of the transaction is subject to the successful completion of the carve-out and regulatory approvals.
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