On the Record · NEC

NEC acquisitions, on the record

The businesses NEC bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
non-core businesses Word for word“Since April 2000, we have been realigning businesses by selectively focusing on strategic core businesses.” 20-F for 2004	divestiture	Since April 2000	—
Western Electric's interests in its foreign affiliates, including NEC Word for word“In 1925, Western Electric’s interests in its foreign affiliates, including NEC, were sold to International Telephone & Telegraph Corporation, or ITT.” 20-F for 2004	divestiture	1925	—
Sumitomo family holding company equity interest in NEC Word for word“In 1932, the Sumitomo family holding company acquired a substantial equity interest in NEC, which was sold to the public in 1948, following the passage of Japanese anti-monopoly laws.” 20-F for 2004	acquisition	1932	—
ITT's shareholding in NEC Word for word“ITT’s shareholding in NEC was successively reduced beginning 1958 and was completely disposed of during 1978.” 20-F for 2004	divestiture	—	—
a business unit Word for word“Sale of a business unit — — (1,435 ) (1,435 )” 20-F for 2004	divestiture	—	—
NEL (NEC Leasing) Word for word“The Company has several securitization programs under which certain trade receivables, including investment in leases through the date of sale of the Company’s ownership interest in NEL in March 2003, are sold, without recourse, to special purpose entities (“SPEs”).” 20-F for 2004	divestiture	March 2003	—
ABeam Consulting Ltd. Word for word“On December 10, 2004 and January 31, 2005, the Company invested ¥10,251 million and ¥6,429 million respectively, to acquire a 50.1% in ABeam Consulting Ltd. (“ABeam”) which provides business performance consulting services in the areas of strategy, Business Process Reengineering (“BPR”), information technology, and outsourcing.” 20-F for 2005	acquisition	On December 10, 2004 and January 31, 2005	¥10,251 million and ¥6,429 million respectively
plasma display business Word for word“The Electron Devices business posted lower sales due to the sale of the plasma display business and a slowdown in the semiconductor market.” 20-F for 2005	divestiture	—	—
semiconductor-related equipment sold to Hiroshima Elpida Memory, Inc. Word for word“The main reasons for the decrease were the sale of the plasma display business and the sale of semiconductor-related equipment to Hiroshima Elpida Memory, Inc.” 20-F for 2005	divestiture	—	—
KMD Holding ApS Word for word“Our consideration for this acquisition was ¥48.4 billion.” 20-F for 2020	acquisition	—	¥48.4 billion
Northgate Public Services Limited Word for word“Our consideration for the acquisition was ¥27.6 billion.” 20-F for 2020	acquisition	—	¥27.6 billion
OncoImmunity AS Word for word“In July 2019, we acquired OncoImmunity AS, a Norway-based bioinformatics company that develops proprietary machine learning software to support the fight against cancer.” 20-F for 2020	acquisition	July 2019	—
Automotive Energy Supply Corporation Word for word“We also sold all of the equity interest we held in Automotive Energy Supply Corporation, a Japanese lithium ion battery assembling affiliate, to Nissan Motor Co., Ltd, a Japanese automobile manufacturer.” 20-F for 2020	divestiture	—	—
Nippon Avionics Co., Ltd. Word for word“In January 2020, we sold all of the shares of common stock we held in Nippon Avionics Co., Ltd. through a cash tender offer conducted by NAJ Holdings K.K., although we still retain convertible preferred shares.” 20-F for 2020	divestiture	January 2020	—
lighting equipment manufacturing business Word for word“With respect to the streamlining of our overall business portfolio, we sold our battery electrode manufacturing business in March 2019 and our lighting equipment manufacturing business in April 2019.” 20-F for 2020	divestiture	April 2019	—

Read from NEC’s annual reports (20-F for 2020, 20-F for 2005, 20-F for 2004) and the financial data it files with the SEC, as of 2020-06-30. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.