![]() ![]() “It enables Infor to double-down on providing innovative, industry-specific solutions that help address our customers’ biggest business challenges. “This is a win-win for Infor and Hexagon, as well as our customers and employees,” said Infor CEO Kevin Samuelson. 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, according to a statement. 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 an agreement to sell its global EAM (Enterprise Asset Management) business to Hexagon AB, a global digital reality solutions provider, for approximately $2.75 billion USD in a combination of cash and stock and form a strategic relationship with the company. ![]()
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