"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.
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. The transaction, which is subject to regulatory approval, would leave Koch owning a stake of almost 5% in Hexagon. EAM lets you manage repairable asset and work order life cycles, as well as A. The sale comprises $800 million in cash and 132 million shares, worth about $1.95 billion, in the form of shares paid to Koch. Infor EAM by Hexagon is the worlds premier Enterprise Asset Management system. 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. STOCKHOLM, July 6 (Reuters) - Swedish industrial technology group Hexagon AB (HEXAb.ST) said on Tuesday it had acquired cloud technology company Infor's enterprise asset management (EAM). Infor's EAM is software used by industrial companies to track assets, digitalise maintenance operations and improve digital operations.
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