Connect with us

News

Hexagon AB buys Infor’s EAM business for $ 2.75 billion

Published

on

Infor, which specializes in cloud solutions for manufacturing companies, announced the signing of an agreement to sell its international EAM business (Enterprise Asset Management). The buyer is the Swedish company Hexagon AB, which calls itself “a leader in digital reality solutions.” The deal is worth approximately $ 2.75 billion. It includes $ 800 million in cash, as well as securities and “strategic engagement” companies to serve common customers.

The mentioned “strategic interaction implies the formation of two subsidiaries of Koch Industries: Infor and Koch Equity Development. As a result of the deal, the Koch group will also acquire an ownership interest in Hexagon, and Hexagon’s main shareholder, MSAB, intends to nominate Brett Watson, president of Koch Equity Development, to include Hexagon’s board of directors shortly after the deal.

The sale of the EAM business and the strategic agreement with Hexagon is expected to enable Infor to integrate the capabilities of one of the market-leading EAM solutions with Hexagon’s digital reality capabilities. In particular, we are talking about technologies and specialized software products for automatic control systems. In addition, Infor expects to focus after the acquisition on a strategy to improve industry-specific cloud ERP solutions (CloudSuites) that “provide customers with long-term operational benefits and planning capabilities.”

In addition to the agreement to sell the EAM business, the Koch group and Hexagon signed a letter of intent to further expand the use of Infor EAM and Hexagon solutions within the consortium, as several Koch companies are regular users of Infor EAM and Hexagon solutions for enterprise optimization and industrial operations. objects.

As usual, the deal still needs to be approved by the regulators.

It remains to add that the EAM division of Infor has about 500 people worldwide. Upon completion of the deal, it will become part of Hexagon’s Industry-Specific Enterprise Solutions business.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

Software1 hour ago

Microsoft has made it easier to install the Linux subsystem for Windows. In Windows 10 and Windows 11, this is now done with one command

According to the source, in the latest builds of Windows Insider Preview, it became possible to install the Linux subsystem...

Software4 hours ago

MIUI 13 will not be released in August, but the shell will be released before the end of the year

Rumors that MIUI 13 will not be released in August have been confirmed at the official level. Wang Hua, a...

Phones4 hours ago

Huawei P50 Pro did not receive an inch image sensor, but that did not stop it from becoming the best camera phone in the world

Huawei did not go into the detailed specifications of all modules of the main camera of the P50 Pro smartphone...

Phones5 hours ago

Mi Mix 4 with a quad camera and an additional screen showed on new renders

New renders of the promising Mi Mix 4 smartphone have appeared on the Web – it is expected to premiere...

Phones5 hours ago

Android 12 testing has begun for Poco F2 Pro and Redmi K30 Pro. Published an updated list of smartphones Xiaomi, Redmi and Poco, which will receive Android 12

The source has published an updated list of smartphones Xiaomi, Redmi and Poco, which will receive an update to Android...

Electric Cars5 hours ago

GAC and Huawei create luxury electric vehicle brand. The first car of the new company will appear in 2023, and it will be an SUV.

Huawei has a ready-made solution for the construction of electric vehicles in its portfolio: it includes a platform, power plants,...

News6 hours ago

Video of the most difficult flight of the Martian helicopter Ingenuity has become available

A few days ago, the Ingenuity helicopter made its most difficult flight, and now we can appreciate the video and...

News6 hours ago

5000mAh and dual camera are inexpensive. Samsung Galaxy A03s is preparing to debut

According to the source, on the Indian version of the Samsung website, a page was found dedicated to solving technical...

Advertisement

Most Popular