NACKA STRAND, Sweden--(BUSINESS WIRE)--Regulatory News:
Hexagon (STO:HEXAB) has entered into an agreement to acquire all outstanding shares of MicroSurvey Software Inc., a leading Canadian based developer of surveying and mapping software for the land surveying, construction, and forensic markets.
Headquartered in Kelowna, British Columbia, MicroSurvey currently employs 30 people. With a successful expansion of its footprint in recent years, today the company provides innovative software solutions to customers around the world.
“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.” said Ola Rollen, CEO and President of Hexagon AB. “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.”
Excluding inter-company sales, MicroSurvey's turnover in 2010 amounted to approximately 2 MEUR.
Hexagon is a leading global provider of design, measurement and visualisation technologies. Our customers can design, measure and position objects, and process and present data, to stay one step ahead of a changing world. Hexagon’s solutions increase productivity, enhance quality and allow for faster, better operational decisions, saving time, money and resources. Hexagon has over 12 500 employees in more than 40 countries and net sales of about 2 200 MEUR. Our products are used in a broad range of industries including surveying, power and energy, aerospace and defence, safety and security, construction and manufacturing. Learn more at www.hexagon.com.
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