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NEC to Integrate Australian Operations in 2007 to Maximise Business Synergy

  • 01 December, 2006 10:35

<p>NEC Corporation today announced that NEC Business Solutions Ltd. will be integrated into NEC Australia Pty. Ltd., effective as of 1 April, 2007.</p>
<p>The integration of NEC’s Australian operations is aimed at increased synergy between the two businesses and enhanced business collaboration in the key areas of IT and networks. NEC Australia will continue to be headquartered in Melbourne with combined annual revenues of more than AU$582 million.</p>
<p>The decision to integrate NEC’s Australian operations was taken in response to the rapid changes occurring in the Australian ICT market, in particular the growth of broadband, IP telephony and wireless communications.</p>
<p>NEC Australia will be able to improve cost structures and increase its effectiveness as a supplier of integrated voice and data solutions toward promotion of long-term growth through joint business opportunities and increased efficiencies.</p>
<p>“The integrating of these NEC operations will strenghten our product and solutions portfolio immensely, putting us in a unique position to offer our diverse customer base integrated end-to-end solutions, reducing integration and installation timeframes considerably,” said Toshiharu Iwasa, Managing Director of NEC Business Solutions and NEC Australia.</p>
<p>The integration will also give NEC Australia a market-leading position in providing total communications solutions through its broadband network, display solutions, broadband access products and IP telephony and wireless capability. It will also allow NEC Australia to actively explore new business opportunities among gated communities and business parks as well as expand the company’s current business in the hospitality, corporate, retail, SME, education, banking and finance, health and government space.</p>
<p>NEC Australia will continue to maintain the largest ICT research and development facility in Australia and will also continue to provide its current customers with integrated solutions in areas such as public and private networks, voice and data technologies, home entertainment and supercomputers.</p>
<p>Mr. Iwasa adds “we are confident that our customers will experience a seamless transition. The move will in fact improve response times, helping our customers maintain their own competitive edge.”</p>
<p>-ends-</p>
<p>NB: Please see the attachment for an outline of the integration.</p>
<p>For media enquiries, please contact:
Lynn Hepple
NEC Australia Pty Ltd &amp; NEC Business Solutions Ltd
+61 (0)3 9264 3746
+61 (0)411 563 907
lynn.hepple@nec.com.au</p>
<p>Diane Foley
NEC Corporation
d-foley@ax.jp.nec.com
+81-3-3798-6511</p>
<p>Verne Smith
Red Agency for NEC Australia and NEC Business Solutions Ltd
+61 (0)3 9670 8350
verne.smith@redagency.com.au</p>
<p>About NEC Corporation
NEC Corporation (NASDAQ: NIPNY) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than150,000 people worldwide.
For additional information, please visit the NEC home page at: http://www.nec.com
* Newsroom: http://www.nec.co.jp/press/en/</p>
<p>About NEC Australia
NEC Australia is a provider of superior, affordable products, services and solutions to carriers, business, government and consumers. As a leader in the development of broadband and mobile communications technologies, NEC Australia’s strong sales and service focus has propelled the company to the forefront of a new era in communications. Through the provision of new technologies such as plasma displays, data projectors and high-speed broadband connections, NEC Australia also drives innovation into the home. Boasting the largest Research and Development facility in Australia, NEC’s commitment to innovation and continued expansion into export markets remains unrivalled. As well as undertaking leading R &amp; D in DSL technologies and third-generation (3G) mobile terminals, NEC Australia's broadband business, Nextep broadband, delivers business grade DSL services for SMEs, corporates and government. For additional information, please visit the NEC Australia or Nextep websites at www.nec.com.au and www.nextep.com.au.</p>
<p>About NEC Business Solutions
NEC Business Solutions is a leading provider of end-to-end voice, data and video solutions for business and government. The company utilises its expertise in IP telephony, contact centres and managed services, and strong partnerships with other leading companies to provide innovative and affordable business solutions. NEC Business Solutions is a wholly owned subsidiary of NEC Australia.</p>
<p>Attachment:</p>
<p>Outline of NEC Australia Pty. Ltd. after integration (Effective as of 1 April, 2007)</p>
<p>Corporate Name: NEC Australia Pty. Ltd.
Head Office: Melbourne, Victoria, Australia.
Representative: Managing Director, Toshiharu Iwasa
Number of Employees: Approx. 1,260 (As of 30 September , 2006)
Annual Sales: AU$582 million (Consolidated figures of NEC Australia and NEC Business Solutions for the fiscal year ended 31 March, 2006)
Business: Integrated solutions for public and private networks, mobile terminals, data technologies, home entertainment, and supercomputers. ICT Research &amp; Development.</p>
<p>Outline of Integration</p>
<p>Basic Information on Relevant Parties (As of November 1, 2006)</p>
<p>NEC Australia
Corporate Name: NEC Australia Pty. Ltd.
Head Office: 649 Springvale Road, Mulgrave, Melbourne, Victoria, Australia,
Representative: Managing Director, Toshiharu Iwasa
Commencement of Business: 16 December, 1969
Stated Capital: AU$123.8 million(Approx. 11.3 billion yen)
Number of Issued Shares: 109,700,000 shares
Shareholder: NEC Corporation (100%)
Total Assets: AU$200.7 million (Approx. 18.3 billion yen)
Fiscal Year: Ending 31 March
Number of Employees: Approx. 600</p>
<p>NEC Business Solutions
Corporate Name: NEC Business Solutions Ltd.
Head Office: 633 Springvale Road, Mulgrave, Melbourne, Victoria, Australia
Representative: Managing Director, Toshiharu Iwasa
Commencement of Business: 30 March, 2001
Stated Capital: AU$22.2 million (Approx. 2 billion yen)
Number of Issued Shares: 66,823,371 shares
Shareholder: NEC Australia Pty. Ltd. (100%)
Total Assets: AU$100.1 million (Approx. 9.1 billion yen)
Fiscal Year: Ending 31 March
Number of Employees: Approx. 660</p>
<p>Consolidated financial results for the fiscal year ended 31 March, 2006 for NEC Australiaand NEC Business Solutions.</p>
<p>Fiscal Year ended 31 March, 2006
Revenue AU$582 million (Approx. 53 billion yen)
Profit before Income taxes AU$15.4 million (Approx. 1.4 billion yen)</p>
<p>1. Method of Integration of NEC Business Solutions into
NEC Australia</p>
<p>NEC Business Solutions will transfer all of its business, including assets and liabilities as of April, 2007, to NEC Australia.</p>
<p>2. Schedule</p>
<p>28 November, 2006: Board resolution of NEC Corporation
1 April 2007: Integration of NEC Business Solutions into NEC Australia</p>
<p>3. Effects on NEC’s Consolidated Financial Results</p>
<p>This integration project will take place within NEC Group companies, and cause no change in the total assets and liabilities of NEC on a consolidated basis.
***</p>

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