![]() ![]() The transaction, which is subject to regulatory approval, would leave Koch owning a stake of almost 5% in Hexagon. The sale comprises $800 million in cash and 132 million shares, worth about $1.95 billion, in the form of shares paid to Koch. Shares in the company were up by just over 2% at 0817 GMT. Hexagon has transformed itself from a conglomerate to an industrial technology company through a series of acquisitions over the last decade. ![]() Infor’s EAM is software used by industrial companies to track assets, digitalise maintenance operations and improve digital operations. ![]() “Infor EAM is continuously ranked by analysts as a market leader among best-of-breed EAM solutions and is considered by thousands of customers as one of the industry’s most compelling solutions,” Hexagon CEO Ola Rollen said in a statement. The deal also creates ties between Hexagon and Koch Industries – which owns Infor – through a memorandum of understanding, which will see expanded use of EAM in Koch businesses and cross-selling opportunities between customers. STOCKHOLM -Swedish industrial technology group Hexagon AB said on Tuesday it had acquired cloud technology company Infor’s enterprise asset management ( EAM) division in a cash and equity deal worth $2.7 billion. (In July 6 story, corrects value of shares in first bullet point and paragraph 7) ![]()
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