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Digest: Tech provider sold to Japanese multi-national

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A major services and software provider to local authorities has been sold to a Japanese multinational technology company.

Northgate Public Services (NPS), which was acquired by private equity firm Cinven in 2014 for an undisclosed fee, has been bought by NEC for £475m.

Cinven will remain a stakeholder in NPS, which has worked with 95% of councils in the UK.

NEC described local government as a “compelling growth market”, adding there will be no changes to the NPS leadership team and no plans for any job cuts as a result of the purchase.

NPS chief executive Stephen Callaghan said the deal “represents a step-change in our ability to serve our clients”.

He added: “Combined with NEC’s business, we will now be able to offer a wider suite of services and software to our existing client base, whilst also expanding in new geographies and technology sectors.”

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