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IT

NEC completes acquisition of Swiss Avaloq

Monday 28 December 2020 | 09:29 CET | News
NEC has completed the acquisition of Swiss software company Avaloq after receiving regulatory approval. NEC now holds 100 percent of the shares in Avaloq, including the 45 percent stake previously held by private equity firm Warburg Pincus, and the remaining shares of Avaloq's founder Francisco Fernandez and of employees. The acquisition was announced in October.

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Categories: IT
Companies: NEC
Countries: Switzerland / World
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