TAG offers CMMS, EAM, APM, and Maintenance-as-a-Service applications that can scale with your organization’s needs and technological requirements. '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. The Asset Guardian EAM (TAG) The Asset Guardian (TAG) has a proven 15-year track record for maintaining, managing and optimizing enterprise assets with thousands of users worldwide. 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 shares, worth about $1.95 billion, in the form of shares paid to Koch. Shares in the company were up by just over 2% at 0817 GMT. Hexagon has transformed itself from a conglomerate to an industrial technology company through a series of acquisitions over the last decade. Infor's EAM is software used by industrial companies to track assets, digitalise maintenance operations and improve digital operations. '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. The deal also creates ties between Hexagon and Koch Industries - which owns Infor - through a memorandum of understanding, which will see expanded use of EAM in Koch businesses and cross-selling opportunities between customers. 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. Today, every Hexagon solution is mapped and tagged according to its level of automation, so customers can clearly track our progress towards the freedom of autonomy.(In July 6 story, corrects value of shares in first bullet point and paragraph 7) Ultimately, our innovations will give rise to new technologies and applications - many of which we’ve yet to imagine. Our transition to Intelligent automation is accelerating.

Hexagon infor eam acquisition