Software company Norkom appears set to be sold for over €200m
Norkom — which makes anti-fraud and money laundering software for financial services companies — announced in November that it had received expressions of interest and had entered discussions with a number of potential suitors.
Yesterday, the Dublin-headquartered company announced that it has reached initial agreement to be acquired by BAE Systems — the British-based defence, security and aerospace company. Pending shareholder approval, BAE will buy Norkom for around €217 million; which will see Norkom shareholders get €2.10 in cash for each of their shares. The Dublin firm’s share price rose by more than 36% on the back of yesterday’s news.
