Infor to acquire GT Nexus

By admin October 14, 2015 12:16 pm IST

ERP software supplier Infor has entered into an agreement to acquire GT Nexus, the 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 10 logistics service providers and 30 global financial institutions, all managing more than $ 100 bn 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.