NNIT continued to execute on the carveout of the Group’s infrastructure business and sustained the efforts to consolidate global delivery capabilities in Q3 2022 while seeing improved earnings in line with expectations.
As of October 10, 2022, Valiance® has been fully integrated with NNIT. All employees and business activities have been merged into the appropriate NNIT subsidiaries in Europe and the US.
Today, we have completed the merger of prime4services with NNIT. All employees and business activities have been merged into the appropriate NNIT units in our central European locations.
NNIT announced the transformative divestment of the Group’s infrastructure business, initiated the carve-out process and continued the efforts to consolidate global delivery capabilities in Q2 2022, which was marked by slower-than-expected sales performance. The temporary suspension of NNIT’s full-year outlook is maintained.
Today, NNIT has entered into an agreement to divest its Hybrid Cloud Solutions business unit as well as select parts of its Cloud & Digital Solutions business unit (together “the IO business”) to funds advised by Agilitas Private Equity LLP.
In Q1 2022, NNIT saw a decline in revenue and earnings mainly due to a temporary decline in capacity utilization. Positively, a number of significant contracts were signed, and strategic initiatives progressed as planned. Outlook for the full-year is maintained.
NNIT has evolved quite dramatically over the years, from a small independent IT consultancy born out of Novo Nordisk to a publicly listed company and now an international group of companies in its own right. This article is the fourth in a series looking at the individual NNIT Group Companies – what they do and how they add value to NNIT’s purpose and aspiration of making a mark in business and so
NNIT has appointed Camilla G. Møhl as its new SVP and Chief People, Communications and Marketing Officer. She will join NNIT Group Management no later than May 1, 2022.
With the acquisition of prime4services, Europe's leading provider of Manufacturing Execution System services, the NNIT Group further solidifies its position within the international life sciences industry.
prime4services operates solely within the life sciences industry providing supplier-independent consulting and engineering services for digitalization of manufacturing processes, primarily th
In Q4, we saw continued strong growth within the Life Sciences International business while performance within the Private & Public segment remained weak. Once again, our Winning Solutions strategy gained traction, as it now constitutes 55% of NNIT’s revenue compared to 46% in the same period last year.
As of January 1, 2022, NNIT will reorganize into three business units: Life Sciences Solutions, Cloud & Digital Solutions and Hybrid Cloud Solutions. The new organization will further strengthen NNIT’s focus on aligning customers and segments closer with preferred solutions and positioning the company for future profitable growth.
In Q3, we saw continued strong growth within the Life Sciences International business, and we strengthened this business further with the addition of SL Controls. Once again, our Winning Solutions strategy gained traction, as it now constitutes 54% of NNIT’s revenue compared to 46% in the same period last year.
