Swedish Hexagon acquires Canadian MicroSurvey
Hexagon AB (Stockholm, Sweden) has entered into an agreement to acquire all outstanding shares of MicroSurvey Software (Kelowna, British Columbia, Canada), an Independent Software Provider in the area of surveying and mapping software for the land surveying, construction, and forensic markets.
Founded in 1975, Hexagon is a global Independent Software Vendor providing integrated design, measurement and visualisation technologies. The company have over 12 000 employees in more than 40 countries and net sales of about 2 200 MEUR. Class B shares are quoted on NASDAQ OMX Stockholm’s Large Cap list (HEXA B) and SIX Swiss Exchange (HEXN).
“The acquisition of MicroSurvey notably expands Hexagon’s product offerings and software development capabilities for several of our key markets including land surveying, construction and public safety. Additionally, both MicroSurvey’s software products and Hexagon’s instrument products enjoy strong leadership positions in these markets. The ability to offer such comprehensive, market-leading and innovative solutions will undoubtedly benefit both current and future customers of Hexagon.”
Hexagon’s technologies measure with great precision and rapidly provide access to large amounts of complex data that is visualised via engineering and geospatial software, empowering our customers to create, manage and share information to increase productivity, improve quality and make better, faster operational decisions by exploiting multidimensional data. Hexagon’s extensive range of products and services work together to provide a constant flow of updated information. This complete, end-to-end workflow enables customers to transform raw data into useful information and actionable intelligence.
Hexagon’s offerings are governed and reported in two business areas: Measurement Technologies and Other Operations. The Measurement Technologies business area operates through three application areas: Geosystems, Metrology and Technology.
With a successful expansion of its footprint in recent years, MicroSurvey today provides innovative software solutions to customers around the world. Excluding inter-company sales, MicroSurvey’s turnover in 2010 amounted to approximately 2 MEUR.
Source: Hexagon AB