The divestiture and strategic relationship positions Infor to combine its EAM technology with Hexagon’s digital reality solutions – including sensor, software and autonomous technologies – to produce a better outcome for customers. 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 of Koch Equity Development, to the Hexagon nomination committee for nomination to the Board of Directors as soon as feasible post-closing.Īs 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. In addition, Infor and Koch Equity Development, both subsidiaries of Koch Industries, are building strategic relationships with Hexagon. The businesses will remain separate until the completion of the transaction, subject to regulatory approvals. For more information, see HWF Advokater has advised Hexagon on the Swedish law aspects in connection with the acquisition.Infor has announced that it has entered into an agreement to sell its global EAM (Enterprise Asset Management) business to Hexagon AB, a global player in digital reality solutions, for approximately $2.75 billion in a combination of cash and stock. Completion of the transaction is subject to regulatory approvals and other customary conditions, etc., which are expected to be fully completed during the fourth quarter 2021. Hexagon gains a best-in-class, SaaS-based asset management solution – Infor EAM – which is used to track assets, digitalise maintenance operations and enable customers in nearly any industry to reach optimum operational efficiency. The terms of the agreement include establishing a deeper commercial relationship between Hexagon and Infor as well as Hexagon and Koch Equity Development, both subsidiaries of Koch Industries, Inc. Hexagon AB, a global leader in digital reality solutions listed on Nasdaq Stockholm, has entered into an agreement to acquire Infor’s global EAM (enterprise asset management) business, for approximately 2,750 MUSD, of which 800 MUSD in cash and the remaining part through payment with 132.6 million series B shares in Hexagon AB.
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