That’s not this year’s largest PLMish deal, but it is certainly up there - and I think it’s Hexagon’s largest acquisition to date (after paying just over $2 billion for Intergraph a decade ago).
“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,” asserted Ola Rollén, President and CEO, Hexagon.Much more to come on this, but news broke earlier today that, pending regulatory approvals, Hexagon will acquire Infor’s EAM (Enterprise Asset Management) business, for approximately $2.75 billion in cash and newly issued securities. “This enables us to partner with a company that is in a unique position to drive further digital transformation for Infor EAM customers by integrating Infor EAM’s asset management capabilities with Hexagon’s digital reality solutions and platforms,” affirmed Kevin Samuelson, CEO, Infor. The divestiture and strategic relationship positions Infor to combine its industry-leading EAM technology with Hexagon’s digital reality solutions to produce a better outcome for customers, and further focus on its strategy of delivering industry-specific cloud ERP (Enterprise Resource Planning) suites (CloudSuites) to customers. Infor recently announced that it has entered into an agreement to sell its global EAM (Enterprise Asset Management) business to Hexagon AB, a leader in digital reality solutions, for approximately US$ 2.75bn in a combination of cash and stock and form a strategic relationship with the company, according to a press communiqué.
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