To unlock additional value for Koch companies across the entire lifecycle of its manufacturing assets – from initial design to day-to-day operations – Koch and Hexagon have signed a memorandum of understanding to further expand the use of Infor EAM and Hexagon’s solutions. The divestiture and strategic relationship positions Infor to:Ĭombine its industry-leading EAM technology with Hexagon’s digital reality solutions – including sensor, software and autonomous technologies – to produce a better outcome for customers, andįurther 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.
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, today announced that it has entered into an agreement to sell its global EAM (Enterprise Asset Management) business to Hexagon AB (Nasdaq Stockholm: HEXA B), a global leader in 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.
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