Under Infor, the EAM business has thrived by winning net new customers and replacing legacy solutions that Infor bought over the years. We have plenty of capital where opportunities exist to invest in growing the business.” While the cash in the deal will not go directly to Infor, an Infor spokesperson commented: “It’s not a cash generation action. A fact confirmed by Ola Rollén, CEO Hexagon, who stated in the analyst call when also referring to the strategic partnership, “We will go to market with them, but it’s actually a very small overlap, and it’s very seldom you buy EAM bundled with ERP.”įor Koch, it has added a substantial share in another technology company whose solutions are also used across the Koch Industries portfolio. EAM has long been touted as an addon to ERP, yet it is rarely sold alongside it. Initially, that saw several software solutions sunset, including its Retail division. It is a bold decision by Samuelson, who said that he would refocus the company when he took the position of CEO. And it enables us to partner with a company that is in a unique position to drive further digital transformation for Infor EAM customers by integrating Infor EAM’s asset management capabilities with Hexagon’s digital reality solutions and platforms.” Does it make sense It enables Infor to double-down on providing innovative, industry-specific solutions that help address our customers’ biggest business challenges. Kevin Samuelson, Infor CEO, commented: “This is a win-win for Infor and Hexagon, as well as our customers and employees. In addition, MSAB, Hezagon’s main shareholder, intends to nominate Brett Watson, president of Koch Equity Development, to the Hexagon board soon after the deal closes. It sees Hexagon paying $800 million in cash, and Koch acquiring 132.6 million Hexagon series B shares, equivalent to a 4.9% shareholding. There is also a new partnership between Hexagon and Koch Equity Development.
The terms of the deal also include a deeper commercial relationship between Hexagon and Infor. Hexagon AB is to spend US$2.75 billion on acquiring Infor’s global Enterprise Asset Management Business.
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