Nippon Telegraph and Telephone Corporation (NTT), announced that they have reached an agreement on the terms of a cash offer to be made by NTT for the entire issued and to be issued ordinary share capital of Dimension Data/Datacraft for approximately GBP 2.1 billion, unanimously recommended by both Boards of Directors.
Commenting on the acquisition, Satoshi Miura, President and CEO, NTT said, "We are delighted that the board of directors of Datacraft has unanimously agreed to support our offer for Datacraft. By leveraging the complementary strengths of both companies, we are confident that we will provide end-to-end, global-one-stop and high quality ICT services. Datacraft and NTT share the common vision to create new services and values to succeed in the coming age of cloud computing. Our combined strength will allow us to accelerate execution of our strategies to achieve our shared vision. We have established a strong relationship between the management of Datacraft and that of NTT. We are looking forward to welcoming the management and employees of Datacraft to the enlarged NTT Group."
"Together, NTT and Datacraft define a new industry standard for IT service quality, delivery, and support. NTT’s network carrier capabilities and assets coupled with Datacraft's global system integrator expertise create an incredibly powerful and unprecedented combination of capabilities and skills. The combined companies will hold a strong competitive position serving global corporations' moving to managed infrastructure services and cloud computing," commented Jeremy Ord, Executive Chairman, Datacraft.
Brett Dawson, CEO, Datacraft commented, "NTT recognises the value of Datacraft's entrepreneurial culture and business model; our operational processes, brands, and methodologies will all remain. NTT provides a world class, IT and communications platform globally while Datacraft brings expertise and capabilities in specialist managed IT infrastructure and services. We are very excited to begin collaborating with NTT to expand and deliver this joint value to our clients."
Updated Date: Feb 02, 2017 22:39:25 IST