Infor agrees to sell its EAM business to Hexagon AB
C loud 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 . The businesses will remain separate until the completion of the transaction , subject to regulatory approvals .
In addition , Infor and Koch Equity Development , both subsidiaries of Koch Industries , are building strategic relationships with Hexagon . 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 .
As 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 .
“ This is a win-win for Infor and Hexagon , as well as our customers and employees ,” said Kevin Samuelson CEO , Infor . “ It enables Infor to double-down on providing innovative , industry-specific solutions that help address our customers ’ biggest business challenges . And it enables us to partner with a company that is in a unique position to drive further digital
Kevin Samuelson CEO , Infor
transformation for Infor EAM customers by integrating Infor EAM ’ s asset management capabilities with Hexagon ’ s digital reality solutions and platforms .”
Ola Rollén , President and CEO , Hexagon , said : “ By integrating Infor EAM ’ s builtin , industry-specific asset management capabilities with our digital reality solutions and platforms , we can improve capital asset performance in ways beyond what EAM can achieve standalone – from enhancing predictive maintenance and reducing energy usage to supporting other sustainability initiatives . Infor EAM customers and partners can expect a smooth transition with significant synergies that will produce faster growth and greater opportunities , including expansion into new verticals , as well as underserved markets such as Asia Pacific .” •
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