Infor to Acquire Supply Chain Software Firm GT Nexus for $675 Million
Enterprise software provider Infor will acquire GT Nexus, a company that provides a cloud-based platform to about 25,000 businesses to manage global trade and transportation activities, for $675 million.
The deal will create the first cloud-based global commerce network, company officials said in an announcement Aug. 11.
“Together, Infor and GT Nexus will provide customers with unprecedented visibility into their supply chains to manage production and monitor goods in transit and at rest,” Infor CEO Charles Phillips said.
GT Nexus customers include adidas Group, Caterpillar, Columbia Sportswear, DHL, Home Depot, Levi Strauss & Co., Maersk, Nestle, Pfizer, Procter & Gamble and UPS.
“We’re excited to join forces with a company with a strong manufacturing, retail and supply chain pedigree,” GT Nexus CEO Sean Feeney said.
The transaction is expected to close within 45 days, pending regulatory approval.
