Dutch Enterprise Resource Planning company Baan Co NV’s $86.6m bid for UK financial software house Coda Group Plc closed after it was accepted by owners of 91 percent of the shares. The offer will be declared unconditional following the listing of the new Baan shares on the Amsterdam stock exchange. Baan plans to integrate Coda’s financial software enabling it to improve its standalone position in the financial marketplace, as well as improving the capabilities of its ERP offering.
