The leading energy and technology firm Koch Industries, has announced the completion of acquisition of the remaining portion of Infor from Golden Gate Capital. Infor, is a leader in business cloud software specialized by industry specific. Koch has been a prominent customer, and implementing Infor solutions across its businesses in areas.
Infor, is a global leader in business cloud software specialized by industry. The company has more than 68,000 customers in approximately 170 countries of the world. The Infors acquisition brings new key capabilities to Koch Industries to accelerate digital transformation, while providing Infor with resources and industry knowledge to continue growing its expertise in mission critical software for industries like manufacturing, human resources, supply chain, retail and distribution. Infor is now a standalone subsidiary of Koch Industries.
The major deals by Infor and Koch Industries are mentioned below:
February 2020: Infor announced a strategic agreement with a leading international banking group Standard Chartered to introduce the Infor Nexus network to the banks clients. By digitizing the financial supply chain, businesses can minimize supply chain delays and friction, while suppliers can benefit from improved access to capital.
January 2020: Infor, has agreed to acquire Intelligent InSites Inc. Headquartered in Fargo, North Dakota, Intelligent InSites is a leading provider of healthcare software and services leveraging location-based intelligence from real-time location systems (RTLS).
July 2019: Koch Fertilizer Canada, ULC, announced to construct a new headquarters in Brandon, Man. that will bring together operations, logistics, sales and marketing under one roof, with office space for more than 100 employees. The $33-million project, is one of the largest investments ever made at the site.
January 2019: Kochs subsidiary INVISTA has completed the previously announced sale of its Apparel & Advanced Textiles business to an affiliate of Shandong Ruyi Investment Holding.
About Koch Industries
Koch Industries, headquartered in Wichita, Kansas, the USA, is one of the largest private companies in America. The company has a diverse group of companies involved in refining, chemicals, and biofuels; fertilizers; forest and consumer products; polymers and fibers; process and pollution control systems; electronics, software; minerals; glass; automotive components; ranching; commodity trading; and investments. Since 2003, Koch companies have invested approximately $120 billion to grow its business across the globe.