Infor to Buy GT Nexus for $675M
Infor announces it has entered into an agreement to acquire GT Nexus, a cloud-based global commerce platform, for $675 million. The deal is expected to close within 45 days, pending regulatory approval.
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 $100 billion 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.
Infor is a supplier of ERP software, which helps manufacturing companies orchestrate production inside the walls of the enterprise. The continued shift to contract manufacturing moves the shop floor outside of the brand owner's ERP system to the ERP of their suppliers - many of which are existing Infor customers. It is now common for a single product to be designed, manufactured, and shipped by different companies, requiring a common cloud for coordination.
Infor and GT Nexus aim to create the first global commerce cloud with end-to-end control and visibility for the production of direct goods.
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 $100 billion 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.
Infor is a supplier of ERP software, which helps manufacturing companies orchestrate production inside the walls of the enterprise. The continued shift to contract manufacturing moves the shop floor outside of the brand owner's ERP system to the ERP of their suppliers - many of which are existing Infor customers. It is now common for a single product to be designed, manufactured, and shipped by different companies, requiring a common cloud for coordination.
Infor and GT Nexus aim to create the first global commerce cloud with end-to-end control and visibility for the production of direct goods.