further focus on its strategy of delivering industry-specific cloud ERP(Enterprise Resource Planning) suites (CloudSuites) that provide customers with sustained operational advantage and to maintain a long-term view of the market.įurther, several Koch companies already are valued customers of the Infor EAM solution and Hexagon’s enterprise project performance and industrial facility solutions.

combine its industry-leading EAM technology with Hexagon’s digital reality solutions – including sensor, software and autonomous technologies – to produce a better outcome for customers, and.

The divestiture and strategic relationship positions Infor to: 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.

Infor the industry cloud company has announced that it has entered into the agreement with Hexagon AB a digital reality solutions, for approximately $2.75 billion USD in a combination of cash and stock and form a strategic relationship with the company to better serve shared customers.

Infor agreed to sell its EAM business to Hexagon AB.

Hexagon koch