Sweden's Hexagon acquires Infor EAM for $2.75 Billion and establish a broader strategic relationship With Koch

sweden's hexagon acquires infor eam

Sweden's Hexagon acquires Infor EAM for $2.75 Billion

Swedish industrial technology group Hexagon AB announced an agreement to acquire Infor’s global EAM (Enterprise Asset Management) business for approximately $2.75 Billion. 

It is also a sign of making a good relationship between Hexagon and Koch Industries by expanded use of EAM in Koch businesses and cross-selling opportunities between customers. On April 6, 2020  Koch Industries acquired the remaining portion of Infor from Golden Gate Capital.

As per the CEO of Hexagon, Ola Rollen, Infor EAM is one of the best EAM solutions in the market and EAM is considered by thousands of customers as one of the industry's most enthralling solutions.

Shares of Hexagon were up by just over 2% at 0817 GMT.

The sale covers $800 million in cash and $132 million in the form of shares paid to Koch. The deal would leave Koch owning a stake of almost 5% in Hexagon.

The revenue can be expected from Infors EAM’s for 2021 is $184 million and in the last three years the business had been growing at a compound rate of 35%. Hexagon is expected the acquisition would generate $100 million worth additional sales by 2026.

Rollen also added "Adding an enterprise asset management system to our portfolio puts us in a unique position to drive further digital transformation across our customer base."


What does Hexagon AB do?

Hexagon AB is a global technology group which was founded in 1992 and headquartered in Stockholm, Sweden. This company is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. 

Basically they make a boost in efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications by putting analytical data.

Hexagon AB is a public company which was incorporated in 1975 as Eken Industri & Handel AB.

This is the official site of Hexagon AB.

What is Infor EAM?

Full form of EAM is Enterprise Asset Management. Infor EAM is one of the best asset management software that helps digitize and optimize maintenance operations to reach top levels of efficiency.

Glencore International, a Switzerland based Oil, Gas and Chemicals organization, Yanfeng Automotive Interiors, Takeda Pharmaceuticals U.S.A and others renowned multifunctional companies use Infor EAM for their better performance.

Infor EAM is a cloud software product of Infor which is owned by Koch Industries. But now it is going to be acquired by Sweden's Hexagon company. 

For any business, EAM is an important procedure of managing all the physical assets including heavy equipment, technological equipment, and vehicles. This helps any company to improve its potential, save time and money. It also helps to reduce business risk.

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