NTT Corp. to Fully Acquire NTT Data for $15.2B

Japanese conglomerate NTT Corp. plans to acquire the remaining 42.3% stake in NTT Data Group Corp., aiming to accelerate the IT vendor’s global growth strategy.

The $15.2 billion deal will make NTT Data a wholly owned subsidiary, giving NTT full control over its IT services arm.

This move builds on a 2022 restructuring that placed NTT’s overseas operations under NTT Data, establishing it as the centerpiece of the group’s international IT solutions business.

However, overlapping capital structures have hindered fast decision-making, especially around major data center investments driven by rising demand for generative AI.

NTT President and CEO Akira Shimada cited governance challenges, including conflicts of interest from dual stock listings and a convoluted decision-making process, as key reasons for the acquisition.

He emphasized that the new structure will allow better accountability and smoother allocation of management resources.

NTT Data’s core services include IT solutions and data center operations for domestic and global clients.

Its overseas presence is particularly strong in Latin America, where it supports public and private sector digital transformation in countries like Brazil, Argentina, and Chile, offering solutions in finance, healthcare, and smart cities.

The acquisition is expected to enhance AI capabilities and expand infrastructure, especially in North America.