Infor has announced it has entered into an agreement to acquire GT Nexus, the world's largest cloud-based global commerce platform, for $USD675 million. The deal is expected to close within 45 days, pending regulatory approval.
“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,” said Charles Phillips, CEO of Infor.
“In a complex, high velocity supply chain, all partners need to know what was ordered, when it was built, where it is in transit, if the order has changed, and has it cleared customs. Specialisation and speed are moving the future of manufacturing into the commerce cloud.”
“Infor is a great home for GT Nexus, and we're excited to join forces with a company with a strong manufacturing, retail, and supply chain pedigree,” said Sean Feeney, CEO of GT Nexus.
The combination of Infor CloudSuite applications and GT Nexus will represent the future of multi-enterprise manufacturing and commerce, the company said.
Approximately 25,000 businesses rely on GT Nexus, including six of the top ten logistics service providers and 30 global financial institutions, all managing more than $100bn in goods each year using its cloud-based business network. GT Nexus customers include adidas Group, Caterpillar, Columbia Sportswear, DHL, Home Depot, Levi Strauss & Co., Maersk, Pfizer, Procter & Gamble, and UPS.