TechnologyAccounting SoftwareMicrosoft snaps up Navision for £1bn

Microsoft snaps up Navision for £1bn

Microsoft Great Plains has swooped on Navision, after agreeing a £1bn sum for the Danish software company.

The move by the US giant comes relatively soon after Navision merged with Danish software rival Damgaard at the end of 2000, before rebranding as NavisionDamgaard and then Navision.

The acquisition is structured as a stock and cash purchase, and follows an announcement to the Copenhagen Stock Exchange last week, where Navision is listed. The statement said its shares had been transferred to an ‘observation list’ as the company considered ‘a possible strategic transaction’.

Microsoft will be looking to build on Navision’s enterprise wide mid-range product – Axapta – combining it with its own .NET strategy for the SME market.

‘Many business processes in these companies are not yet benefiting from the efficiencies that technology offers. Microsoft and the Navision team together are committed to delivering solutions and products to this large market segment’, said Doug Burgum, senior vice president of Microsoft and president of Microsoft Great Plains.

He added: ‘The combination of these two organisations with deeply similar values and approaches makes enormous strategic sense, and will create enhanced opportunities for partners and even more capable and affordable solutions for customers.’

The deal for Navision comes just a year after Microsoft bought Great Plains for £747m.

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