Hexagon AB, a global leader in digital reality solutions, recently announced an agreement to acquire Infors global EAM (enterprise asset management) business, for approximately $2,750 million. The terms of the agreement include establishing a deeper commercial relationship between Hexagon and Infor as well as Hexagon and Koch Equity Development, both subsidiaries of Koch Industries, Inc. Hexagon gains a best-in-class, SaaS-based asset management solution Infor EAM which is used to track assets, digitalise maintenance operations and enable customers in nearly any industry to reach optimum operational efficiency.
The statement said: EAM solutions provide the foundation of digital innovation in asset-intensive industries, where digital realities, or digital operational twins, are increasingly leveraged to provide a single source of truth and complete line-of-sight to ever-changing situations. This includes the condition and performance of fixed assets from capital and process equipment (machines, trucks, valves, turbines, and pumps) to critical infrastructure (road, railway, pipeline and communications networks) to entire buildings and facilities. The Infor EAM solution 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.
Customers in manufacturing, power and energy, facilities, transportation and more utilise Infor EAM to monitor, track and extract the most value from their assets while mitigating risks associated with operational downtime and unnecessary, unplanned costs. With Infor EAM, customers can put their operations to work for them optimising business processes and asset maintenance strategies to ensure operational efficiency and asset reliability. Key capabilities of the Infor EAM solution include work order management, inventory optimisation, safety and compliance measurement and reporting, asset planning and decision-making and mobile application extensions. The Infor EAM solution also includes APM (asset performance management) capabilities, enabling integration of real-time asset data for condition monitoring, and can also integrate with mapping and positioning solutions as well as live camera and sensor feeds for asset visualisation and tracking.
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 industrys most compelling solutions, says Hexagon President and CEO Ola Rolln. Hexagons decision to acquire this business is a strong endorsement of our mission to put data to work to enable autonomous, connected ecosystems that boost efficiency, productivity, quality and safety for our customers.
Adding an enterprise asset management system to our portfolio puts us in a unique position to drive further digital transformation across our customer base. By integrating Infor EAMs built-in, industry-specific asset management capabilities with our digital reality solutions and platforms, we can improve capital asset performance in ways beyond what EAM can achieve standalone from enhancing predictive maintenance and reducing energy usage to supporting other sustainability initiatives, continued Rolln. Infor EAM customers and partners can expect a smooth transition with significant synergies that will produce faster growth and greater opportunities, including expansion into new verticals as well as underserved markets such as Asia Pacific.
Moving forward, Hexagon and Infor, a global leader in business cloud software specialised by industry (CloudSuite), will form a strategic partnership comprised of reseller agreements and opportunities to accelerate cross-selling of complementary solutions across common customers in markets such as automotive, discrete manufacturing, and public safety.
Further, several Koch companies are already valued customers of the Infor EAM solution and Hexagons enterprise project performance and industrial facility solutions. To unlock additional value for Koch companies across the entire lifecycle of their manufacturing assets from initial design to day-to-day operations Hexagon and Koch have signed a Strategic Alliance Memorandum of Understanding to further expand the use of Infor EAM and Hexagons solutions.
The Infor EAM business has approximately 500 highly skilled professionals serving nearly 3,500 customers globally. Infor EAM will be reported under Hexagons Industrial Enterprise Solutions segment but serve all Hexagon businesses focused on asset-intensive ecosystems like manufacturing, industrial facilities, mines, farms, autonomous mobility, buildings, infrastructure, cities & nations, and defence.