9/11/2023 0 Comments Hexagon eam infor![]() Hexagon said it expected the acquisition would generate it additional sales worth $100 million by 2026. Infor EAM's expected revenue for 2021 is $184 million, Hexagon said, adding that the business had been growing at a compound rate of 35% in the last three years. The transaction, which is subject to regulatory approval, would leave Koch owning a stake of almost 5% in Hexagon. The sale comprises $800 million in cash and 132 million shares, worth about $1.95 billion, in the form of shares paid to Koch. Shares in the company were up by just over 2% at 0817 GMT. ![]() Hexagon has transformed itself from a conglomerate to an industrial technology company through a series of acquisitions over the last decade. Infor's EAM is software used by industrial companies to track assets, digitalise maintenance operations and improve digital operations. ![]() "Infor EAM is continuously ranked by analysts as a market leader among best-of-breed EAM solutions and is considered by thousands of customers as one of the industry's most compelling solutions," Hexagon CEO Ola Rollen said in a statement. ![]() ![]() The deal also creates ties between Hexagon and Koch Industries - which owns Infor - through a memorandum of understanding, which will see expanded use of EAM in Koch businesses and cross-selling opportunities between customers. STOCKHOLM, July 6 (Reuters) - Swedish industrial technology group Hexagon AB (HEXAb.ST) said on Tuesday it had acquired cloud technology company Infor's enterprise asset management (EAM) division in a cash and equity deal worth $2.7 billion. ![]()
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