HP buys NCS unit in Kuwait for services push

HP has signed a definitive agreement to form a joint venture in Kuwait with National Computer Services (NCS). Under the terms of the deal, HP will buy the services business of NCS for an undisclosed sum.

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By  Stuart Wilson Published  May 11, 2006

HP has signed a definitive agreement to form a joint venture in Kuwait with National Computer Services (NCS). Under the terms of the deal, HP will acquire the services business of NCS for an undisclosed sum and create a new company called HP Services Kuwait. HP will manage the new company. John Hoonhout, HP services director at HP Middle East, said: “As one of the fastest growing economies in the Middle East, the need for technology and services is critical to support Kuwait’s growth. The aim of the joint venture is to build upon HP’s commitment to the Middle East, further enhancing our capabilities, and along with our partners, strengthening our ability to serve the Kuwaiti market.” “The creation of this joint venture will bring HP closer to customers, partners and the market and provides a productive environment to improve and strengthen our existing relations with our partners and customers,” added Hoonhout. Khalid Al-Babtain, chairman of Al-Babtain Group, the owner of NCS, said: “This joint venture with HP is a key achievement for us, both in terms of partnering with the world's leading IT company, and growing the IT service business in the region.” Mohammed Shalaby, president IT group and vice CEO planning and business development at Al-Babtain Group, added: “HP Services Kuwait Company WLL will offer one of the broadest ranges of skills and experience in Kuwait providing customers with the most diverse and comprehensive offering in this market. NCS will maintain its status as one of the prominent HP partners in Kuwait and other regions, with a major focus on HP high-end products sales.”

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