Agresso offer for Coda goes unconditional

Agresso announced this week that its cash offer for Coda of 205p per share
has gone unconditional after it received acceptances representing 89.1% of
Coda’s stock.

‘Being part of a much larger software organisation gives us the platform for
growth in the future, and I believe our customers and staff have much to look
forward to,’ said Coda chief executive Jeremy Roche.

Chris Ouwinga, chief executive of Unit 4 Agresso, which owns subsidiary
Agresso, said the deal was a ‘highly significant acquisition’ and would play a
‘key role’ in Agresso’s growth plans.

The new business is forecast to have annual revenues of €300m (£227m) and
operations in 19 countries.

Further reading:

Read
IT consultant and blogger John Tate’s view on the deal

Agresso swoops for Coda

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