The divestiture and strategic relationship positions Infor to: Recommended AI News: Outbrain Announces $200 Million Investment From The Baupost GroupĪs 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. 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. 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, announced it has entered into an agreement to sell its global EAM business to Hexagon AB, 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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