“It (transaction) enables Infor to double-down on providing innovative, industry-specific solutions that help address our customers’ biggest business challenges,” said Infor CEO Kevin Samuelson.
Koch and Hexagon have signed a memorandum of understanding to further expand the use of Infor EAM and Hexagon’s solutions. Infor is also enabled to further focus on its strategy of delivering industry-specific cloud ERP (Enterprise Resource Planning) suites (CloudSuites) that provide customers with sustained operational advantage and to maintain a long-term view of the market. In addition, Infor and Koch Equity Development, both subsidiaries of Koch Industries, are building strategic relationships with Hexagon.įor Infor, the divestiture and strategic relationship positions the company to combine its EAM technology with Hexagon’s digital reality solutions – including sensor, software and autonomous technologies – to produce a better outcome for customers. The businesses will remain separate until the completion of the transaction, subject to regulatory approvals, but Hexagon and Infor will form a strategic relationship to better serve shared customers. Sweden-based Hexagon AB has entered into an agreement to acquire New York-based Infor’s global EAM (Enterprise Asset Management) business to for $2.75 billion in a combination of cash and stock.
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