Hexagon infor eam acquisition4/13/2023 ![]() "Adding an enterprise asset management system to our portfolio puts us in a unique position to drive further digital transformation across our customer base," Rollen added. Hexagon said it expected the acquisition would generate it additional sales worth $100 million by 2026. The purchase kicked off a trend across the industrial asset management software market, with Siemens’s 1.6 billion purchase of Brightly Software and IFS’s purchase of Ultimo both. Infor EAM's expected revenue for 2021 is $184 million, Hexagon said, adding that the business had been growing at a compound rate of 35% in the last three years. Hexagon entered the enterprise asset management (EAM) software market in blockbuster fashion when it acquired Infor’s EAM division for 2.8 billion in mid-2021. ![]() The transaction, which is subject to regulatory approval, would leave Koch owning a stake of almost 5% in Hexagon. With this acquisition, Hexagon gains a best-in-class, SaaS-based asset management solution Infor EAM which is used to track assets, digitize maintenance. 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. In a move that surprised some, Hexagon AB, a global leader in reality solutions, announced its intent to purchase Infor’s global EAM ( enterprise asset management) business from Koch Industries paying 800 million in cash and offering Koch 132.6 million Hexagon series B shares, representing nearly a 5 stake in the company, forming a new. ![]() 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. Hexagon Shakes Up The Industrial Asset Operations And Maintenance Management Market With Its Monster 2.7 Billion Acquisition Of Infor EAM Hexagon AB, a sensor, software and autonomous solution vendor headquartered in Sweden, has had an aggressive M&A strategy for the last several years, with 29 acquisitions since 2016 to strengthen its suite of software applications for design, construction.
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