Japan's NEC says to spend around $1 billion to acquire Denmark's KMD

TOKYO (Reuters) - Japan's NEC Corp said on Thursday it will spend around 136 billion yen (967 million pounds/$1.23 billion) to purchase KMD, which is Denmark's largest IT company.NEC said the reason for the acquisition is KMD's business matches its "NEC Safer Cities" initiative, which provides IT services and that governments can use for crime prevention, management of public transportation and other public services, according to a statement published on its website.NEC has been trying to shift..