NEC Corporation has entered into an agreement with a consortium led by Assist Group S.r.l.
Assist Group is an Italy-based conglomerate founded in 1987 that provides technology-driven solutions, data intelligence capabilities, and strategic consulting services.
NEC transfers its overseas network equipment resale business, which includes building systems for telecommunications operators and enterprises using network equipment from partner companies, as well as its IT services business for governments and local authorities in selected countries. The transfer includes system development for biometric authentication and smart cities, and is expected to be completed during fiscal year 2026 subject to customary closing conditions.
The overseas network equipment resale business operates in regions such as Latin America, the Asia-Pacific, and Europe, and upon the conclusion of this agreement, the entire business will be transferred.
Until the completion of the transfer, NEC will continue to operate these businesses as usual and will work closely with partner companies to ensure a smooth transition. Furthermore, NEC will continue to supply biometric authentication-related products in the countries where the IT services business for government and local authorities is being transferred, even after the transfer is complete.
Takayuki Morita, President and CEO of NEC Corporation, commented:
“Leveraging our deep technical expertise, NEC has contributed to the growth and problem-solving of customers in various countries through these businesses for many years. Under the new ownership, which places long-term growth, investment, and human resource development at the center of its strategy, I am confident that these businesses will be able to provide even higher-value solutions to customers in the future.”
Going forward, NEC will pursue further growth overseas by focusing on its software and services business, which possesses strong competitive advantages across various industries such as government and local authorities, finance, and telecommunications.
