![]() ![]() “It enables Infor to double-down on providing innovative, industry-specific solutions that help address our customers’ biggest business challenges. “This is a win-win for Infor and Hexagon, as well as our customers and employees,” said Kevin Samuelson CEO, Infor. As a result of the transaction, Koch also will have an ownership stake in Hexagon and Hexagon’s main shareholder, MSAB, has the intention of suggesting Brett Watson, President, Koch Equity Development, to the Hexagon nomination committee for nomination to the Board of Directors as soon as feasible post-closing.Īs the EAM market evolves from traditional asset management to asset performance management (APM), customers require broader solutions to manage the entire lifecycle of their assets – from the design/build phase to the operation phase. In addition, Infor and Koch Equity Development, both subsidiaries of Koch Industries, are building strategic relationships with Hexagon. The businesses will remain separate until the completion of the transaction, subject to regulatory approvals. Cloud company Infor, has announced that it has entered into an agreement to sell its global enterprise asset management (EAM) business to Hexagon AB, a global provider of digital reality solutions, for approximately US$2.75 billion in a combination of cash and stock and form a strategic relationship with the company to better serve shared customers.
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