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.
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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.
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