Infor, a supplier of software to the manufacturing industry, announced it has entered into an agreement to acquire GT Nexus, a cloud-based global commerce platform, for $675m. The deal is expected to close within 45 days, pending regulatory approval.
GT Nexus provides a cloud-based global order management system that allows manufacturers and suppliers to manage shipments to customers, distribution centres and retail outlets. GT Nexus offers pre and post export financing and payment protection through the GT Nexus Cloud with customers spanning 90 countries and including adidas Group, Caterpillar, Columbia Sportswear, DHL, Home Depot, Levi Strauss & Co., Maersk, Pfizer, Procter & Gamble, and UPS
Charles Phillips, CEO of Infor stated, “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”.
He added, “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 has more than 3,200 fashion and retail customers, many of which use GT Nexus. The addition of Infor CloudSuite technology to the GT Nexus network will enable businesses to integrate merchandising, marketing, and demand data creating the first global commerce cloud with end-to-end control and visibility for the production of direct goods.
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