Hannes Snellman Counsel to Koch Industries and Infor on Their Divestment of Infor EAM to Hexagon
13 July 2021
Hannes Snellman acted as Swedish counsel to Koch Industries, Inc and its subsidiary Infor on their divestment of Infor’s global EAM (Enterprise Asset Management) business to Hexagon AB for approximately USD 2.75 billion (SEK 23.65 billion) on a cash and debt-free basis, consisting of approximately USD 800 million in cash and USD 1.95 billion in the form of 132.6 million newly issued series B shares in Hexagon corresponding to 4.9 per cent of all shares in Hexagon after completion of the transaction. The terms of the transaction also include establishing a deeper commercial relationship between Koch/Infor and Hexagon. Hexagon’s main shareholder, Melker Schörling AB, intends to propose a Koch representative to the Hexagon nomination committee for nomination to the Board of Directors of Hexagon after completion of the transaction.