NCC Group has announced that it has entered into an agreement to acquire Fox-IT Holding for €133.25m. Fox-IT is a Dutch headquartered, leading provider of high-end cyber security solutions. NCC Group has announced a placing of £126.3m at 275p and £110m of new debt facilities to fund both the Fox-IT acquisition and provide the firepower for further acquisitions. Fox-IT brings increased recurring revenue to the group as well as increasing its cybersecurity capabilities. 5.4x historic revenue looks ....
