Lawson accepts $2 billion takeover bid by Infor
The combined company will be one of the industry’s largest ERP vendors after SAP and Oracle
IDG News Service (Boston Bureau), 4/26/11
Lawson Software has agreed to be purchased by an Infor affiliate GGC Software Holdings for roughly US$2 billion, the company announced Tuesday.
The deal will create one of the industry’s largest ERP (enterprise resource planning) software vendors after SAP and Oracle, and is expected to close in the third calendar quarter of this year.
The announcement comes about six weeks after Infor first made an unsolicited offerfor Lawson, which is known for its strong presence in verticals such as health care.
While many observers expected counteroffers from the likes of Oracle to emerge, none did publicly.