Deltek, Inc. (Nasdaq: PROJ) finalized a tender offer to acquire the European ERP provider Maconomy A/S (Nasdaq OMX: MACO).
According to the firm, “Deltek is acquiring approximately 94% of Maconomy’s outstanding shares in connection with the tender offer. An all cash payment for shares that were tendered will be made promptly in accordance with the terms of the tender offer at the offer price of DKK 20.50 per share, or approximately $3.40 per share.”
“On behalf of the entire Deltek organization, I want to welcome the Maconomy customers and employees into the Deltek family, ” said Kevin Parker, President and CEO of Deltek. “Acquiring Maconomy is a game-changing move for our organization in many ways. It greatly extends our reach into Europe, broadens our portfolio of solutions to additional professional services segments, and adds new cutting-edge resource management capabilities that are applicable across the entire Deltek customer base – including government contracting. With more than 45 years of combined research and development in our software solutions and decades of knowledge obtained from powering the world’s most dynamic professional services firms, our new organization stands alone in the marketplace as the true global enterprise applications leader serving project-focused businesses.”