Infor To Acquire Ssa Global

July 1, 2006
Consolidation continues in the manufacturing enterprise software market, with the recent word that Atlanta-based Infor (www.infor.com) plans to acquire SSA Global (www.ssaglobal.com), based in Chicago.

SSA announced the signing of a definitive agreement on May 15, under which Infor has agreed to pay $19.50 per share in cash to SSA Global’s shareholders.

“With this acquisition, Infor will become the third largest enterprise software provider in the industry with approximately $1.6 billion in revenue,” said Jim Schaper, Infor’s chairman and chief executive officer. “Infor has become a significant force in the industry by assembling and innovating market-specific, best-in-class enterprise software solutions, which provide customers with a flexible choice in the market.”

“In a rapidly consolidating marketplace, we have seen that size and scale matter,” said Mike Greenough, chairman, president and chief executive officer of SSA Global. “This transaction brings value to all of our key stakeholders…our investors, our customers and our employees.”

The deal, which is subject to regulatory approvals and SSA shareholder approval, is expected to close during the third quarter.

Sponsored Recommendations

Food Production: How SEW-EURODRIVE Drives Excellence

Optimize food production with SEW-EURODRIVE’s hygienic, energy-efficient automation and drive solutions for precision, reliability, and sustainability.

Rock Quarry Implements Ignition to Improve Visibility, Safety & Decision-Making

George Reed, with the help of Factory Technologies, was looking to further automate the processes at its quarries and make Ignition an organization-wide standard.

Water Infrastructure Company Replaces Point-To-Point VPN With MQTT

Goodnight Midstream chose Ignition because it could fulfill several requirements: data mining and business intelligence work on the system backend; powerful Linux-based edge deployments...

The Purdue Model And Ignition

In the automation world, the Purdue Model (also known as the Purdue reference model, Purdue network model, ISA 95, or the Automation Pyramid) is a well-known architectural framework...