Tag "NEC"
Avaloq Keeps Its Name After Completion of NEC Acquisition
Japananese NEC Corporation, has finalised its acquisition of Avaloq. The acquisition was first announced in October 2020. NEC, a multinational company that provides the integration of IT and network technologies, now holds 100% of Avaloq’s shares, including the 45% previously
Read More
NEC Acquires Avaloq for CHF 2.05 Billion
Avaloq, a Swiss company that develops and provides software for core banking, announced its acquisition by Japanese NEC Corporation. The acquisition is expected to be worth CHF 2.05 billion (approximately US$2.2 billion), and to be completed by April 2021, following
Read More