Harvey Nash, a London-based information technology staffing and services firm, has sold its German telecommunications outsourcing business Nash Technologies GmbH and its two fully owned subsidiaries, Nash Technologies Stuttgart GmbH and Nash Innovations GmbH.

Nash Technologies Group was identified as non-core in a strategic review of the group's operations in 2014 and a disposal process was initiated. On 30 September 2015, the Group reported that the revenues of this business had declined further, as a result of the merger involving its largest client, Alcatel-Lucent. Following a full review of the disposal options, the Board has agreed the sale of NT Group to Udo Nadolski, Chief Executive Officer of NT, by way of a management buyout.
 
Harvey Nash also said that trading for year to date is in line with the board's expectations. For the nine months to 31 October 2015 both gross profit and PBT, adjusted for non-recurring items, increased by 7% (10% on a constant currency basis) against the comparable period in 2014. Strong trading in the U.S. and Germany has driven this performance along with solid results from the UK and progress in Asia. Despite the third quarter being seasonally the strongest trading period in the year, net borrowings at 31 October were similar to the net balance at 31 July 2015 stated in the half yearly results.