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 ....
24 Nov 2015
£126.3m placing, Acquisition of Fox-IT, further acquisitions to come
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£126.3m placing, Acquisition of Fox-IT, further acquisitions to come
NCC Group plc (NCC:LON) | 122 -1 (-0.7%) | Mkt Cap: 383.4m
- Published:
24 Nov 2015 -
Author:
Oliver Knott -
Pages:
3
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 ....