Infor has entered into an agreement to acquire GT Nexus, the world’s largest cloud-based global commerce platform, for $675 million. The deal is expected to close within 45 days, pending regulatory approval.
According to Infor, approximately 25,000 businesses rely on GT Nexus, including six of the top 10 logistics service providers and 30 global financial institutions, which manage more than $100 billion 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.