NTT to acquire Datacraft owner Dimension Data
- 15 July, 2010 22:00
Japanese based telecommunications service provider Nippon Telegraph and Telephone Corporation (NTT) has made a cash offer of approximately 2.1 billion pounds for UK based IT service provider Dimension Data and its New Zealand subsidiaries Datacraft and distributor Express Data. NTT plans to acquire 100 percent of Dimension Data’s shares. The acquisition process is expected be completed by the end of October.
NTT has 195,000 staff while Dimension Data employs 11,500 staff.
According to NTT President and CEO Satoshi Miura, the combined companies can provide global ICT services.
“Dimension Data and NTT share the common vision to create new services and values to succeed in the coming age of cloud computing. We have established a strong relationship between the management of Dimension Data and that of NTT. We are looking forward to welcoming the management and employees of Dimension Data to the enlarged NTT Group.”
Dimension Data executive chairman Jeremy Ord says the combined companies will hold a
strong position serving global corporations’ moving to managed infrastructure
services and cloud computing.
“We believe our alliance with NTT will now allow Dimension Data to accelerate the execution of our medium and long-term strategy at a rapid pace. The combination of NTT’s global resources and Dimension Data’s system integrator capabilities is an extremely powerful combination.”