The company says it will also focus more on its strategy to deliver industry-specific cloud ERP suites. The strategic relationship will position Infor to combine its EAM technology with Hexagon's digital reality solutions, including sensor, software, and autonomous technologies, to produce better customer outcomes.

Hexagon's main shareholder, MSAB, says it intends to suggest Brett Watson, president of Koch Equity Development, for nomination to the Board of Directors as soon as feasible post-closing.Īs the EAM market shifts 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. Infor and Koch Equity Development, both subsidiaries of Koch Industries, are building strategic relationships with Hexagon and as a result of the transaction, Koch will have an ownership stake in Hexagon.

The businesses will remain separate until the completion of the transaction, subject to regulatory approvals. The transaction will be a combination of cash and stock and form a strategic relationship with the company to serve shared customers better. Industry cloud company Infor has announced it's agreed to sell its global EAM (Enterprise Asset Management) business to Hexagon AB, a global digital reality company, for approximately USD 2.75 billion.

Hexagon and infor