Hexagon Announces New Segment Reporting

NACKA STRAND, Sweden — (BUSINESS WIRE) — March 30, 2015 — Regulatory News:

Hexagon AB (STO: HEXAB), a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, today announced a new segment reporting structure. As of Q1 2015, Hexagon will replace the current Measurement Technologies and Other Operations segments with Geospatial Enterprise Solutions and Industrial Enterprise Solutions.

The new structure is a result of the divestment of Other Operations and will also improve the alignment between Hexagon’s financial reporting and operational strategy.

The Geospatial Enterprise Solutions (GES) segment will consist of businesses focused on capturing, managing and leveraging geospatial and positioning information. These are Leica Geosystems, Intergraph SG&I, Hexagon Geospatial, Hexagon Positioning and Hexagon Mining. Solutions in this segment leverage GIS (Geographic Information Systems) and mapping software as well as hardware such as laser instruments, GNSS and airborne imaging sensors to understand and act upon georeferenced data.

The Industrial Enterprise Solutions (IES) segment will consist of the manufacturing and engineering focused businesses, Hexagon Metrology and Intergraph PP&M. It includes engineering software for creating and leveraging information critical to the planning, construction and operation of plants and process facilities as well as CAD (computer-aided design) and CAM (computer-aided manufacturing) manufacturing software and metrology systems that incorporate the latest in laser and sensor technology for fast and accurate measurements.  

While both segments share a common goal of delivering actionable information, linking isolated silos of information across entire organisations and supply networks, each specialises in its own mix of hardware, software and services.

In order to maintain consistency in the financial reporting, Hexagon will continue to report numbers for the former segment Measurement Technologies during 2015. Pro forma figures for the new segments for the period 2011 to 2014 can be downloaded in the financial statements section ( http://investors.hexagon.com/en/financial-statements) of the investor relations page on Hexagon’s website as well as in the most recent investor presentation. ( http://investors.hexagon.com/en/investor-presentations)

Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications. Hexagon's solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries. Hexagon (Nasdaq Stockholm: HEXA B) has more than 15,000 employees in 46 countries and net sales of approximately 2.6bn EUR. Learn more at www.hexagon.com.

This information was brought to you by Cision http://news.cision.com



Contact:

Hexagon AB
Carl Gustafsson
Investor Relations Manager
46 8 601 26 27
Email Contact
or
Kristin Christensen
Chief Marketing Officer
1 404 554 0972
Email Contact




Review Article Be the first to review this article
Teledyne Optech:

Harris

Featured Video
Jobs
Analyst Programmer for Palm Beach County at West Palm Beach, FL
Mapping & GIS Sales Rep for California Surveying & Drafting Supply at Sacramento, CA
Architectural Designer for Champion Home Builders at Troy, MI
Upcoming Events
Intergeo 2017 at Berlin Germany - Sep 26 - 28, 2017
2017 South Florida GIS Expo at Palm Beach County Convention Center 650 Okeechobee Blvd West Palm Beach FL - Sep 28 - 29, 2017
2nd International Conference on GIS and Remote Sensing (GIS Congress-2017) at Vienna, Austria Vienna Vienna Austria - Oct 2 - 3, 2017
Drone World Expo at San Jose Convention Center CA - Oct 3 - 4, 2017
Teledyne Optech
University of Denver GIS Masters Degree Online



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise