Hexagon in $2.75 Billion Deal to Buy Infor’s Software Unit (2)

Swedish industrial group Hexagon AB has agreed to acquire Infor’s global software business for about $2.75 billion on a cash and debt free basis.

Hexagon is buying the enterprise asset management unit, which typically combines software and systems to manage physical assets, for $800 million in cash and $1.95 billion worth of shares, according to a statement on Tuesday. The shares will be bought from Infor’s parent, Koch Industries, while the cash component will be financed via Hexagon’s existing debt facilities.

The deal sent the shares up as much as 4% at the start of trading in Stockholm, to a ...