Harvey Nash, a London-based information technology staffing and services firm, 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 Sept. 30, the group reported that revenue from 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 agreed to the sale of NT Group to Udo Nadolski, chief executive officer of NT, by way of a management buyout.