Japan’s NTT Data Corp (9613.T) said on Monday it has agreed to buy Dell Inc’s information technology consulting division for over $3 billion to expand in North America and bolster its services business.
The move will allow U.S. computer maker Dell to trim some of the $43 billion in debt it is taking on to fund its pending cash-and-stock acquisition of data storage provider EMC Corp (EMC.N), a deal worth close to $60 billion.
The Japanese company said it would pay around $3.05 billion, an amount that excludes debt and unspecified advisory fees.
The sale will also offer NTT Data, one of the world’s largest technology services companies, a bigger foothold in the United States, where it is looking to expand in healthcare IT, insurance and financial services consulting. Read more