NEC Corporation acquires Avaloq: all the advisors
NEC Corporation in its acquisition of Swiss financial software company Avaloq Group. The acquisition is expected to be worth CHF 2.05 billion and to be completed by April 2021, following the confirmation of necessary procedures and approvals for each organisation.
Under the agreement, NEC will acquire all outstanding shares from the existing shareholders, which includes the founders, current and former employees as well as private equity firm Warburg Pincus.