Kevin Samuelson, Infor’s CEO, stated that this deal would be enabling “Infor to double-down on providing innovative, industry-specific solutions that help address our customers’ biggest business challenges.” The newly acquired asset management capabilities will help them design, operate and decommission large capital-intensive machinery, such as oil rigs.

The idea behind this seems to be inspired by SAP that launched last year in June. Infor in the meantime will be focusing on cloud ERP suites designed according to specific industries. What do they hope to accomplish with this deal? Hexagon’s “digital reality solutions” consisting of software, autonomous technologies, and sensors will be combined with the purchased asset management tools they have purchased from Infor. The buyer was a Sweden-based industrial technology business named Hexagon AB, and the deal was valued at $2.75bn. Infor, a New York-based Software Company recently announced the sale of its asset management applications business. Hexagon AB acquires Infor’s asset management applications business for $2.75bn to integrate with their digital solutions.

Hexagon koch