9/28/2023 0 Comments Hexagon buys infor eam![]() ![]() Hexagon is organized in these divisions: With over 19,200 employees, Hexagon AB generated annual sales of approximately €3.8 billion and annual profits of approximately €738 million in over 50 countries in 2018. ![]() "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 is a publicly listed global provider of information technology solutions that drive productivity and quality across geospatial and industrial landscapes and headquartered in Stockholm, Sweden.įounded in 1975, Hexagon AB is a global multinational technology group for metrology and geoanalytics and the parent company of Leica Geosystems (Switzerland), among others. 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. 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. ![]()
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