NIP Global News
1 article
growth-positive
Pangea buys Israeli co NIP Global for $30m
US engineering company Pangea Group has acquired NIP Global for $30 million in cash and debt. NIP Global develops electronic infrastructure for population registries and issuing biometric documents. The acquisition is expected to have a positive impact on the growth of the company. NIP Global has been involved in projects for various countries and has a revenue turnover estimated at $50 million. The companys main competitor is SuperCom. NIP Global signed a plea bargain in 2016 following an indictment for bribery in Lesotho. The acquisition may have been influenced by the health of NIP Globals controlling shareholder, Emmanuel Antebi.
Acquisition
