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.