STOCKHOLM (Reuters) – Swedish industrial technology group Hexagon AB said on Tuesday it had acquired software company Infor’s enterprise asset management (EAM) division in a cash and equity deal worth $2.7 billion.
Infor’s EAM is software used to track assets, digitalise maintenance operations and improve the digital operations of businesses.
“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.
(Reporting by Colm Fulton; editing by Niklas Pollard)
