2 May 2014 07:00

 2 May 2014
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NCC Group plc
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Acquisition of Scandinavian security testing business for £4.0m
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NCC Group plc (LSE: NCC, "NCC Group" or "the Group"), the international, independent provider of Escrow, Assurance and Domain Services, has acquired Danish based FortConsult A/S ("FortConsult") an independent security testing services provider, for a maximum consideration of £4.0m in cash.
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Highlights
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· FortConsult is one of the leading Nordic security testing services providers, based in Denmark, with many complementary European blue chip clients
· Increases NCC Group's presence in mainland Europe which will further enable the Group to provide its customers with one-stop testing services across Europe
· Total consideration of £4.0m, initially £2.0m, with one further payment of up to £2.0m over next 24 months against performance related targets
· Earnings enhancing and financed from existing debt facilities and internally generated cash flow.
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Rob Cotton, NCC Group Chief Executive, said:
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"FortConsult is a highly respected security testing operator, which will increase our presence and profile in the Nordic region and mainland Europe. It will also bring a number of leading blue chip technology customers to the Group.
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"The management team is staying with the business and we are confident that they will continue to enhance FortConsult's reputation by benefiting from our experience in growing security testing businesses."
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NCC Group expects to publish its year end results on 3 July 2014.
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Enquiries:
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NCC Group (www.nccgroup.com) | 0161 209 5432 |
Rob Cotton, Chief Executive | |
Atul Patel, Group Finance Director | |
Instinctif Partners | |
Adrian Duffield Kathy Gordon | 020 7457 2020 |
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Notes to Editors
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Strategy
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Over the last 14 years the Group has secured a leading global position in security research, testing, advice and forensics as well as web performance testing through a combination of organic and acquired growth.
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The purchase of FortConsult is the Group's tenth in the network testing and software security space and the first in mainland Europe.
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The acquisition will enable NCC Group to offer a wider geographical coverage to clients and offer FortConsult clients an expanded service offering.
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FortConsult
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FortConsult is an independent security company working with enterprises to pinpoint and eradicate security flaws in applications, systems and networks.
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The company was established in 2002 by the current management team, is headquartered in Copenhagen and employs 25 full time employees and 15 associates, most of whom are testers.
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