Hexagon AB, a global leader in digital reality solutions listed on Nasdaq Stockholm, has entered into an agreement to acquire Infor’s global EAM (enterprise asset management) business, for approximately 2,750 MUSD, of which 800 MUSD in cash and the remaining part through payment with 132.6 million series B shares in Hexagon AB. The terms of the agreement include establishing a deeper commercial relationship between Hexagon and Infor as well as Hexagon and Koch Equity Development, both subsidiaries of Koch Industries, Inc. Hexagon gains a best-in-class, SaaS-based asset management solution – Infor EAM – which is used to track assets, digitalise maintenance operations and enable customers in nearly any industry to reach optimum operational efficiency. Completion of the transaction is subject to regulatory approvals and other customary conditions, etc., which are expected to be fully completed during the fourth quarter 2021. For more information, see www.hexagon.com.
HWF Advokater has advised Hexagon on the Swedish law aspects in connection with the acquisition.