Infor agrees to sell its EAM business to Hexagon AB

Cloud 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 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 built-in, 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.”