Deltek completes tender offer to buy European ERP provider

by Editor 7/7/2010 11:08:00 AM
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Enterprise applications software company Deltek, Inc. has completed its tender offer to acquire Maconomy A/S, European ERP provider. With this offer, Deltek is acquiring approximately 94 percent of the company's outstanding shares at the price of DKK 20.50 per share, hoping to acquire the remaining shares in the course of the coming weeks.

"We are thrilled to be part of Deltek," said Hugo Dorph, CEO of Maconomy. "Deltek and Maconomy are a great synergistic fit, and for years we have both been focused on improving business performance for project-focused organizations around the world with specialized solutions and technology. Now, Maconomy is aligned with an organization that can accelerate our growth objectives and introduce our innovative solutions to more customers. I look forward to working with the entire Deltek team as we work together as one organization to deliver world-class solutions to leading professional services firms around the globe."

"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."

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Deltek and Maconomy are an excellent strategic fit, and the combination pairs two leaders in their respective markets. The combined company has unmatched domain expertise in the professional services market with close to 13,000 customers worldwide, as well as immense geographic reach across the world. It serves all major segments within the professional services vertical market, including architecture & engineering, advertising, public relations, accounting, management and IT consulting, and legal. The combined organization has a prominent market position and has an unmatched list of project-based customers, including:

  • 80% of the Engineering News Record Top 500 Design Firms
  • Approximately 80% of the 2009 ZweigWhite Top 200 fastest-growing Architecture, Engineering and Environmental consulting firms
  • Four of the five largest Global Accounting and Consulting firms
  • The world's three largest Marketing Communications Networks
  • Approximately 90% of the Top 100 U.S. Federal Contractors
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