Product category:
Enterprise Resource Planning software (ERP)
News Release from: Infor
Edited by the Manufacturingtalk Editorial
Team on 19 November 2003
Agilisys tenders take-over offer for
infor
With the take-over of the leading company in Europe, Agilisys/infor would become a global player in the area of ERP solutions
Agilisys Atlanta, USA the leading provider of supply chain management and ERP solutions for vertical industries, today announced plans to acquire infor business solutions AG based in Saar-bruecken-Friedrichsthal The acquisition and the merger of the two companies would create one of the world's largest ERP vendors for the manufacturing industry
This article was originally published on Manufacturingtalk on 21 Sep 2004 at 8.00am (UK)
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Agilisys will offer 4.25 Euro per share to the infor shareholders.
The Board of Directors and the Supervisory Board re-ceived the plans and support them unanimously in a first reaction and intend to support the plan.
After the completion of the necessary formalities the shareholders need to respond.
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Project management integrated inside ERP
A comprehensive project management function, fully integrated within an ERP system, was one of the prime reasons for purchasing an Infor COM ERP suite from Infor Global Solutions.
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The acquisition is financed by Golden Gate Capital and Summit Partners.
The take-over secures the further development of the product as well as the financial stability of infor and therefore the investment security of infor's customers.
"infor has a modern product architecture, a strong customer base, industry expertise and an experienced management team, which is consistent with Agilisys' growth strategy of acquiring high-value brands with deep vertical expertise" explains Jim Schaper, Chairman and CEO of Agilisys.
"The acquisition propels us into a leadership position for mid-market ERP solutions in Europe and is an important step in fulfilling our goal of becoming the leading global provider of ERP and SCM solutions for the manufacturing markets we serve," continued Schaper.
"infor has a leading position in the manufacturing industry in Germany as well as in Europe.
The merger with Agilisys gives us the necessary base, size and financial resources to achieve a relevant worldwide market position and to en-hance our solution portfolio significantly," stated Professor Hertel, Chairman and CEO of infor.
"Through this acquisition our customers realize long term protection of their investment and can through the access to Agilisys' global infra-structure and worldwide resource increase their competitiveness in international business.
With the acquisition of infor, Agilisys will grow by approximately 3,500 customers and around 600 employees.
The new company will therefore have more than 6,500 installations and achieve a combined revenue of over US$ 200 million worldwide with 1,300 employees.
The resulting product portfolio covers ERP, SCM, CRM, MES, APS, Forecasting and eBusiness for producers and suppliers in the discrete and process industry.
For Agilisys this is the second acquisition, after Brain - a software supplier for the automotive and production industry - in the last 12 months.
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