TechnologyShareholders approve Microsoft/Navision deal

Shareholders approve Microsoft/Navision deal

Microsoft's offer to buy out Navision will be completed after 98.8% of the Danish accounting software company's shareholding today accepted the near £1bn deal.

The Navision board of directors confirmed the decision to the Copenhagen Stock Exchange. The news follows the recent announcement that European regulators have also given the deal the go-ahead, despite competition concerns from within the software industry.

Once the acquisition has been completed, Navision will become part of Microsoft’s Business Solutions division.

Meanwhile, Navision’s corporate headquarters in Vedbaek, Denmark, will become the centre of development and operations for Microsoft Business Solutions in Europe, the Middle East and Africa, and will become Microsoft’s largest product development centre outside the US.

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