NCC Group sells Open Registry group of companies

NCC Group has sold the Open Registry group of companies. The Open Registry group of companies comprises Open Registry SA, ClearingHouse for Intellectual Property SA, Nexperteam CVBA and Sensirius CVBA.

These have been sold to KeyDrive SA and Terrain.com SA for a combined total consideration of €3.75m (subject to customary closing adjustments).

It said €2m of the total consideration was paid in cash at completion with €1.75m deferred for 18 months. The deferred consideration attracts interest.