According to the press release, Infor EAM is “highly scalable and easily configurable to meet the needs of specific verticals, such as mass transit, food and beverage, facilities management and much more”.
Infor’s EAM is a SaaS-based asset management offering that is used to track assets, and plan and execute maintenance tasks to optimize operations. You may recall that a subsidiary of Koch Industries acquired Infor last year this starts to divide up that asset and establishes what the companies are calling a Strategic Alliance to resell, cross-sell and otherwise work together to “accelerate cross-selling of complementary solutions across common customers in markets such as automotive, discrete manufacturing, and public safety.”īut back to Hexagon and EAM. That’s not this year’s largest PLMish deal, but it is certainly up there - and I think it’s Hexagon’s largest acquisition to date (after paying just over $2 billion for Intergraph a decade ago).
Much more to come on this, but news broke earlier today that, pending regulatory approvals, Hexagon will acquire Infor’s EAM (Enterprise Asset Management) business, for approximately $2.75 billion in cash and newly issued securities.
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