Deltek, Inc. (Nasdaq: PROJ), the leading provider of enterprise applications software and solutions for project-focused businesses, today announced that it has successfully completed its tender offer to acquire the European ERP provider Maconomy A/S (Nasdaq OMX: MACO). The new, combined company is the undisputed market-leader offering enterprise applications to professional services firms around the globe.
As a result, 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. Deltek expects to initiate a mandatory redemption under Danish law to acquire the remaining outstanding shares in the coming weeks.
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