Microsoft to acquire Navision for 1.3 billion dollars
Microsoft Corp plans to buy Danish software firm Navision for 1.3 billion dollars in cash and stock to expand its European footprint. Navision serves midsized businesses with enterprise software for supply chain management and accounting, operating from Vedbaek, Denmark with sales around 177.4 million and about 1,300 employees.
MENTIONED IN THIS ARTICLE
Carters Vedbaek
Denmark
Microsoft to acquire Navision for 1.3 billion dollars
Microsoft Corp. will buy Danish software maker Navision for 1.3 billion dollars in cash and stock. Navision will join Microsoft’s business solutions group with HQ in Vedbaek near Copenhagen as Europe, the Middle East and Africa hub. Navision specializes in enterprise resource planning and customer relationship management software for about 1,300 employees in 30 countries.
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