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.NET News Desk Microsoft to Acquire Navision to Accelerate .NET Business Applications Strategy
Microsoft to Acquire Navision to Accelerate .NET Business Applications Strategy
By: .NETDJ News Desk
Jan. 1, 2000 12:00 AM
(May 10, 2002) - Microsoft Corp. has reached an agreement to acquire Navision, a global provider of integrated business software solutions. The acquisition will bring together the geographic and product strengths of Navision with Microsoft Great Plains Business Solutions, enhancing Microsoft's ability to deliver interconnected .NET business solutions for small and midmarket businesses. The acquisition is structured as a stock and cash purchase based on an offer to shareholders of 300DKK per share. The total transaction value is estimated at approximately $1.3 billion (U.S.)/1.4 billion EUR/10.8 billion DKK. Once the acquisition has been completed, Navision will become part of Microsoft's Business Solutions division. Navision's corporate headquarters in Vedbaek, Denmark, will become the center of development and operations for Microsoft Business Solutions in Europe, the Middle East and Africa (EMEA), and will become Microsoft's largest product development center outside the United States.
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