NEC Corp to delist NEC Networks & System Integration (NESIC, ticker 1973) and take it private

NEC Corporation has announced its plans to acquire NEC Networks & System Integration Corporation (NESIC, ticker: 1973) listed on the Prime Market section of the Tokyo Stock Exchange. This is to create greater business synergy within the group.

NESIC was established in November 1953 as Nippon Electric Installation Company, a spin-off from the sales division of NEC, with the aim of carrying out the design, construction and maintenance of telecommunications equipment. Subsequently, NESIC changed its corporate name to NEC System Integration & Construction, Ltd. in December 1980, and to its current corporate name, NEC Networks & System Integration Corporation, in October 2005.

NESIC will be delisted and taken private after the acquisition.


 

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