Infor Agrees to Sell its EAM Business to Hexagon AB and Form Strategic Relationship
ATLANTA -July 12th, 2021 - We are pleased to inform our customers, Visual K-Infor, that Infor has entered into an agreement to sell its global EAM (Enterprise Asset Management) business to Hexagon AB (Nasdaq Stockholm: HEXA B), a global leader in digital reality solutions.
How does Infor EAM make it even better? Being part of Hexagon AB dedicated to innovation in asset management. We know there are many opportunities and improvements. Infor and Koch Equity Development, both subsidiaries of Koch Industries, are building strategic relationships with Hexagon. As a result of the transaction, Koch also will have an ownership stake in Hexagon.
As 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. The divestiture and strategic relationship positions Infor to combine its industry-leading EAM technology with Hexagon’s digital reality solutions — including sensor, software and autonomous technologies — to produce a better outcome for customers.
“This is a win-win for Infor and Hexagon, as well as our customers and employees,” said Infor CEO Kevin Samuelson. “It enables Infor to double-down on providing innovative, industry-specific solutions that help address our customers’ biggest business challenges. And it 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.”
Ola Rollén, Hexagon president and CEO, said, “By integrating Infor EAM’s built-in, industry-specific asset management capabilities with our digital reality solutions and platforms, we can improve capital asset performance in ways beyond what EAM can achieve standalone — from enhancing predictive maintenance and reducing energy usage to supporting other sustainability initiatives. 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.”
About Infor EAM
Infor EAM is robust and scalable asset management software that helps leading organizations digitize and optimize maintenance operations to reach new levels of efficiency. This modern solution is built in industry-specific editions, such as facilities management, manufacturing, transportation, public sector, healthcare and retail, to help address unique challenges. Native mobile applications significantly improve field efficiency and users gain control and visibility of operating and maintenance costs, as well as energy consumed by assets, with a flexible, powerful, and proven solution. Infor EAM is a purpose-built asset management software that’s ready to scale and transform with an organization.
About Hexagon
Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector and mobility applications.
Our technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 21,000 employees in 50 countries and net sales of approximately 3.8 billion EUR. Learn more at www.hexagon.com and follow us @HexagonAB. For more information on Hexagon’s acquisition of Infor’s EAM business, please see Hexagon’s announcement: https://hexagon.com/news/press-releases?page=/en/hexagon-acquire-infors-eam-business-and-form-broader-strategic-relationship-infor-and-koch
About Infor
Infor is a global leader in business cloud software specialized by industry. Providing mission-critical enterprise applications to 65,000 customers in more than 175 countries, Infor software is designed to deliver more value and less risk, with more sustainable operational advantages. We empower our 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges. Infor is committed to providing our customers with modern tools to transform their business and accelerate their own path to innovation. To learn more, please visit www.infor.com.