Infor to acquire GT Nexus

Charles-Phillips-CEO-Infor-300x300

Infor has entered into an agreement to acquire GT Nexus for $675 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. Specialization and speed are moving the future of manufacturing into the commerce cloud.”
“Infor is a great home for GT Nexus, and we are excited to join forces with a company with a strong manufacturing, retail, and supply chain pedigree,” said Sean Feeney, CEO, GT Nexus… See more

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