Also, 70% of the Infor revenues are recurring, with its customer base transitioning to the cloud steadily, if not rapidly. That potentially reduces the effective multiple to less than 10X. Hexagon believes that the EAM solution will increase other solution revenues by US$100 million by 2026. With Infor EAM set to generate US$184 million in 2021, this puts the transaction at 15X annual revenue, which may seem high, but there is a good fit between the two companies. Still, Infor EAM has continued its growth over recent weeks, with the Sparrow Group highlighted as one of the new customers. The purchase price ended up being slightly about the $2.75 billion that was first suggested. Hexagon’s main shareholder, MSB, will also nominate Brett Watson, President of Koch Equity Development, LLC, to the board of directors as soon as the process allows. The deal includes US$792 million in cash and 132.6 million series B Shares, which sees Infor own 4.9% equity of Hexagon AB and 3.6% of the vote. ![]() ![]() ![]() Hexagon has completed the acquisition of the Infor EAM business in a deal that will cost US$2.82 billion.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |