Initially, that saw several software solutions sunset, including its Retail division. It is a bold decision by Samuelson, who said that he would refocus the company when he took the position of CEO. 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.” Does it make sense It enables Infor to double-down on providing innovative, industry-specific solutions that help address our customers’ biggest business challenges.

Kevin Samuelson, Infor CEO, commented: “This is a win-win for Infor and Hexagon, as well as our customers and employees. In addition, MSAB, Hezagon’s main shareholder, intends to nominate Brett Watson, president of Koch Equity Development, to the Hexagon board soon after the deal closes. It sees Hexagon paying $800 million in cash, and Koch acquiring 132.6 million Hexagon series B shares, equivalent to a 4.9% shareholding. There is also a new partnership between Hexagon and Koch Equity Development.

The terms of the deal also include a deeper commercial relationship between Hexagon and Infor. Hexagon AB is to spend US$2.75 billion on acquiring Infor’s global Enterprise Asset Management Business.

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