Japan | Japan's NTT Data agrees to buy Dell's IT services unit for $3 billion

Japan’s NTT Data agrees to buy Dell’s IT services unit for $3 billion

March 28, 2016 8:02 AM (UTC+8)

 

(From Reuters)

Japan’s NTT Data Corp (9613.T) said on Monday it has agreed to buy Dell Inc’s information technology consulting division for over $3 billion to expand in North America and bolster its services business.

The move will allow U.S. computer maker Dell to trim some of the $43 billion in debt it is taking on to fund its pending cash-and-stock acquisition of data storage provider EMC Corp (EMC.N), a deal worth close to $60 billion.

The Japanese company said it would pay around $3.05 billion, an amount that excludes debt and unspecified advisory fees.

The sale will also offer NTT Data, one of the world’s largest technology services companies, a bigger foothold in the United States, where it is looking to expand in healthcare IT, insurance and financial services consulting. Read more

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