Estimated reading time: 1 minute, 1 second

INFOR SELLING EAM BIZ for $2.75B Featured

Infor has agreed to sell its Enterprise Asset Management business to Sweden-based Hexagon for $2.75 billion. It is the largest divestiture by Infor, a company built through acquisition.

Infor’s last annual results, published before it was acquired by Koch Industries, showed Infor had revenue of $3.17 billion for the year ended April 30, 2019. So it appears the sale involves sizable chunk of the company. Certainly, the level of news coming out of Infor since the Koch purchase and the replacement of CEO Charles Phillips by Kevin Samuelson has had the air of retrenchment. It’s been a while since Infor has made a major purchase. Hexagon will pay a combination of cash and stock and form a strategic relationship with Infor. Koch Industries, which owns Infor, will also take a stake in Hexgaon while MSAB Hexagon’s major shareholder ill. nominate Brett Watson, president of another Koch subsidiary, Koch Equity Development to the Hexagon board of directors. Infor will focus on its industry-specific ERP cloud suites. Several Koch companies already used Infor EAM and Hexagon’s enterprise project performance and industrial facility applications. Koch and Hexagon have also agreed to  expand the use of Infor EAM and Hexagon’s products at their companies.

Read 337 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.