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GGC Software Holdings - an affiliate of private equity firm Golden Gate Capital - and business software provider Infor have closed the purchase of US ERP provider Lawson Software (Nasdaq: LWSN), the companies announced in a joint statement.
As part of the agreement, Lawson's stockholders will receive US$11.25 per share in cash, without interest.
Lawson is a global provider of business application software, maintenance and consulting to customers in the service sector and trade and manufacturing industries.
In addition to Infor and Lawson's portfolio, the companies also share a large base of common clients, which present cross-sell opportunities - where 9% of Lawson's active customers also use Infor products and 48% of Lawson's top revenue customers use at least one of Infor's applications.
Infor has more than 70,000 customers worldwide.