Infor, an Alpharetta, Ga.-based vendor of business management software serving 29 industries, and the CCG Software Holdings affiliate of equity investment firm Golden Gate Capital, will acquire Lawson Software Inc. for approximately $2 billion.

The $11.25 per share price is 14 percent higher than St. Paul, Minn.-based Lawson's stock closing price on March 7 before rumors of a sale surfaced. The total price equals about 2.5 times revenue.

The acquisition will significantly increase Infor's presence in the health care and human resources sectors. Lawson also serves multiple industries but its biggest line of business is in health care. A spokesperson for Infor did not return a telephone call requesting additional information.

The companies expect the acquisition to close in the third quarter. More information is available at infor.com and goldengatecap.com.

--Joseph Goedert

 

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