'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 AB, a global leader in digital reality solutions, today announced the completion of the previously announced acquisition of Infor’s global EAM (enterprise asset management) business and has resolved on an issue in kind of consideration shares. 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. The sale comprises $800 million in cash and 132 million shares, worth about $1.95 billion, in the form of shares paid to Koch. 1, 2021 /PRNewswire/ - Hexagon AB, a global leader in digital reality solutions, today announced the completion of the previously announced acquisition of Infor's global EAM (enterprise asset management) business and has resolved on an issue in kind of consideration shares. 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.

Hexagon infor acquisition