Hearst to buy majority stake in Noregon Systems

Hearst Corp. entered into an agreement to acquire an 80% stake in diagnostic and vehicle data software solutions developer Noregon Systems Inc. for an undisclosed amount.

Noregon founder and CEO Bill Hathaway will retain the remaining 20% stake in the company.

The acquisition is expected to close in the fourth quarter of 2021, subject to regulatory approvals.