SDC is the Danish core-banking IT provider that serves Nordic banks. Netcompany Group agreed on 10 February 2025 to buy it for DKK 1 billion in cash through a new subsidiary, Netcompany Banking Services A/S, and completed the combination on 1 July 2025. SDC keeps a registered Portuguese branch in Lisbon, SDC A/S – Sucursal em Portugal, set up for data processing and the development and operation of IT systems.
SDC’s Portuguese permanent representation is registered at Rua Sousa Martins 1 in Lisbon under CAE 63110, with a stated activity of data-processing work and the development, operation and maintenance of automated data-processing systems — the profile of a delivery branch rather than a sales office, since SDC’s customers are Nordic banks.
Its parent changed in 2025. Netcompany announced on 10 February 2025 that it would combine SDC with a newly formed company, Netcompany Banking Services A/S, valuing SDC at DKK 1 billion and paying that amount in cash to SDC’s shareholders, financed from existing credit facilities. The combination was completed on 1 July 2025, making the merged business a wholly owned Netcompany subsidiary; Netcompany said it expected the deal to dilute earnings per share in 2025 because of integration costs and to add to them from 2026.
Nordic banking IT has long used near-shore delivery centres, and Lisbon is one of the places where Danish and Swedish software houses keep engineers. A core-banking provider with a registered Lisbon branch, now inside Netcompany, one of Denmark’s largest IT services groups, is a pointer for Portuguese IT talent and for the local service providers that support Nordic delivery teams.
1 July 2025: Netcompany completes the combination of Netcompany Banking Services and SDC (Netcompany company announcement). 10 February 2025: agreement to acquire SDC for DKK 1 billion announced.
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