Infor, a global cloud software vendor, has announced that it has entered into an agreement to sell its business unit EAM (Enterprise Asset Management) společnosti Hexagon AB. The transaction price is approximately $ 2.75 billion and includes a share of cash and shares. In addition, companies will form strategic partnerships to better provide services to common customers. The entities will remain separate until the completion of the transaction, which is subject to regulatory approval.
At the same time, Infor and Koch Equity Development, a subsidiary of Koch Industries, are building strategic relationships with Hexagon. As a result of the transaction, Koch will also own a stake in Hexagon and Hexagon’s major shareholder, MSAB, intends to nominate Brett Watson, President of Koch Equity Development, to Hexagon’s Nomination Committee to join the Board of Directors as soon as possible after the close. transaction.
As the EAM market evolves from traditional asset management to asset performance management (APM), customers demand more comprehensive solutions for managing the entire lifecycle of their assets – from the design / build phase to the operational phase.
Prodej a strategické partnerství umožní společnosti Infor:
- Combine its state-of-the-art EAM technology with Hexagon’s digital reality solutions – including sensor, software and stand-alone technologies – to deliver greater value for customers.
- further focus on your strategy of delivering industry-specific cloud ERPs (Enterprise Resource Planning) (CloudSuites) that will provide customers with a lasting operational advantage and help them maintain a long-term market position.
Several Koch Group customers are already customers of Infor EAM and Hexagon’s enterprise project and industrial equipment performance solutions. To increase value for Koch across the entire lifecycle of their manufacturing assets – from initial design to day-to-day operations – Koch and Hexagon have signed a memorandum to further expand the use of Infor EAM and Hexagon solutions.
For more information on Hexagon’s acquisition of Infor’s EAM division, see Hexagon’s announcement at hexagon.com.
EAM solutions provide the basis for digital innovation in asset-intensive industries, where digital reality or digital twins provide a single source of truth and a complete picture of ever-changing situations. Customers in manufacturing, energy, equipment, transportation, and more use Infor EAM to monitor, track, and get the most value from their assets while reducing the risks associated with downtime and unnecessary, unplanned costs.
Infor’s EAM division, with approximately 500 employees located worldwide, will operate as part of Hexagon’s Industrial Enterprise Solutions segment, but will serve all Hexagon’s asset-intensive ecosystems, such as manufacturing, industrial facilities, mines, farms, autonomous mobility, buildings, infrastructure, municipalities and states and defense. Infor will initiate the transition process for this transaction in contact with its employees and their representatives in accordance with applicable law.
Goldman Sachs & Co. operated in the transaction. LLC and Rothschild, Inc. as financial advisors and Jones Day as legal advisors to Infor and Koch.
Source: Aktuality – 2D a 3D CAD Design Software by www.cad.cz.
*The article has been translated based on the content of Aktuality – 2D a 3D CAD Design Software by www.cad.cz. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!