Japan’s NEC Corporation entered a merger agreement on October 29, 2025, to acquire CSG Systems International, Inc. (CSGS) in a deal valued at $2.9 billion.
NEC will acquire CSG for $80.7 per share in cash, representing a premium of 17.38% from the stock’s last close.
CSG is a global software-as-a-service (SaaS) company that empowers businesses to monetize digital services, manage customer relationships, and streamline billing and payments through its revenue management, customer engagement, and payment solutions.
NEC Corp. is a global technology company founded in 1899 that leverages advanced AI, biometric security, 5G/communications infrastructure, and cloud services to help businesses and governments solve mission-critical challenges.
In January, Reuters reported that NEC had been talking to its advisers about the possibility of making an offer for CSG Systems. The stock was trading at $56.44 when it was revealed that NEC was working with Morgan Stanley on a potential offer for CSG.
CSG’s SaaS product portfolio will be added to NEC and its subsidiary, Netcracker.
The deal is expected to close in 2026.
Jefferies and Simpson Thacher & Bartlett served as the financial and legal advisors, respectively, to CSG. Goldman Sachs acted as financial advisor, while Freshfields Bruckhaus Deringer provided legal counsel to NEC.
NEC is paying 1.82 times the sales for CSG.
For more details regarding this merger and acquisition transaction, please refer to the Deal Metrics page here:
Deal Metrics for the acquisition of CSG Systems International, Inc. (CSGS) by NEC Corporation
Key insights provided on the Deal Metrics page include:
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Editor’s Note: Baranjot Kaur contributed to this article