As a result of the transaction, Koch also will have an ownership stake in Hexagon, and Hexagon’s main shareholder, MSAB, has the intention of suggesting Brett Watson, President of Koch Equity Development, to the Hexagon nomination committee for nomination to the Board of Directors as soon as feasible post-closing. In addition, Infor and Koch Equity Development, both subsidiaries of Koch Industries, are building strategic relationships with Hexagon.
The businesses will remain separate until the completion of the transaction, subject to regulatory approvals. Infor today announced that it has entered into an agreement to sell its global EAM (Enterprise Asset Management) business to Hexagon AB for approximately $2.75 billion USD in a combination of cash and stock and form a strategic relationship with the company to better serve shared customers.
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