“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.STOCKHOLM, July 6 (Reuters) - Swedish industrial technology group Hexagon AB (HEXAb.ST) said on Tuesday it had acquired cloud technology company Infor's enterprise asset management (EAM) division in a cash and equity deal worth $2.7 billion. 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 in the form of shares paid to Koch. “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.

Infor is owned by Koch Industries and its EAM is software used by industrial companies to track assets, digitalise maintenance operations and improve the digital operations. STOCKHOLM (Reuters) -Swedish industrial technology group Hexagon AB said on Tuesday it had acquired cloud technology company Infor’s enterprise asset management (EAM) division in a cash and equity deal worth $2.7 billion.

Hexagon buys infor eam