Microsoft has reached an agreement to acquire Navision, the Danish provider of integrated business software solutions, for $1.3 billion.
The acquisition is structured as a stock and cash purchase based on an offer to shareholders of 300DKK per share.
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 centre of development and operations for Microsoft Business Solutions in Europe, the Middle East and Africa (EMEA), and will become Microsoft’s largest product development centre outside the United States.
Navision’s main product lines include Navision Axapta, Navision Attain/Navision Financials and Navision XAL. The products are sold through a network of approximately 2,400 partners.
Navision has 1,300 employees and subsidiaries in 30 countries.