Novian Technologies acquires Rwanda-based Norway Registers Development Rwanda

Novian Technologies acquires Rwanda-based Norway Registers Development Rwanda

Novian Technologies, a part of the Novian group which INVL Technology owns, signed an agreement with NRD Companies to acquire 100% of the shares of Rwanda-based Norway Registers Development Rwanda. The transaction aims to optimise asset utilisation and operating efficiency at the companies and will not currently affect the overall value of INVL Technology’s business holdings, although NRD Rwanda is expected to grow in value in the future.

NRD Rwanda is a regional sale, project management and support company with projects in Rwanda, Burundi, and Democratic Republic of Congo. After acquiring the Rwanda-based company, Novian Technologies will seek to strengthen NRD Rwanda’s position in the region.

The IT services group Novian added a company in Africa to its technologies business area. On 18 April this year, a share purchase and sale agreement was signed according to which the company Novian Technologies acquired Rwanda-based Norway Registers Development Rwanda from NRD Companies, an international IT and consulting group of companies.

Following the transaction, the Novian group’s companies will have offices not only in the Baltic countries, Norway, and Moldova, but also in Rwanda. Novian and NRD Companies are owned by INVL Technology, a company that invests in IT businesses.

NRD Rwanda, based in the Rwandan capital Kigali, will continue to be headed by Ephrem Bizimana, an experienced IT manager who has held the position since the company’s establishment. Novian Technologies has worked extensively with the National Bank of Rwanda and the Rwanda Revenue Authority.

The company has modernised the IT infrastructure of the Central Bank of Burundi, carried out projects related to the IT infrastructure of the East African Community’s information exchange platform for bureaus of standards, and participated in projects in the region funded by the World Bank, TradeMark Africa, and other organisations.

Novian Technologies is also active in Africa in the provision of solutions for climate monitoring and change.

Click below to share this article

Browse our latest issue

Intelligent CIO Africa

View Magazine Archive