Unica Groep B.V. reached an agreement to acquire Nsecure BV from N.V. Nederlandsche Apparatenfabriek Nedap (ENXTAM:NEDAP) for €25 million on November 16, 2017. Post-completion, Nsecure will remain a key business partner for Nedap's Security Management business unit. Nsecure reported revenues of €25.2 million in 2016. The transaction is subject to regulatory approval and is expected to be closed shortly. Nedap will use part of net proceeds to buy back up to 5% of Nedap shares. The remaining net proceeds will partly be used for a one-off increase of the dividend for 2017. Paul Quist, Vincent van Kampen, Meike van Schaijk, Sabine Baegen, Tim van Hemert and David Meijeren of Stibbe N.V. acted as legal advisors to Nedap. Eric Wijs and Martijn Koops of Lincoln International LLC acted as financial advisor to Nedap. Arjen Kostelijk and Jan-Pieter van Doorn of Oaklins N.V. acted as financial advisors to Unica. Unica Groep B.V. completed the acquisition of Nsecure BV from N.V. Nederlandsche Apparatenfabriek Nedap (ENXTAM:NEDAP) on November 21, 2017.