Hexagon Expands in Central Asia

NACKA STRAND, Sweden — (BUSINESS WIRE) — October 2, 2012 — Regulatory News:

Hexagon (STO: HEXAB) has acquired all shares in Geosystems Kazakhstan, which today is Hexagon’s distribution partner in the country.

Headquartered in Almaty, Kazakhstan, the company has built a strong market position and brand reputation for Leica Geosystems over the last 15 years. The acquisition strengthens the overall distribution strategy of Hexagon’s Geosystems division, which seeks to obtain a direct selling presence in all of its key markets, with increasing emphasis on emerging countries. It provides the Geosystems division with the opportunity to add a full-scale selling unit to better service the needs of its growing client base in the mining, agriculture, transportation and infrastructure industries in the region.

"Combining our people and resources, the acquisition provides substantial growth potential for several of Leica Geosystems’ businesses and the ability to better serve the needs of customers who have relied on the support of Leica Geosystems and its distribution partner for over a decade", says Ola Rollén, CEO and President of Hexagon AB. "Additionally, while the acquisition complements existing operations and increases our competitive stance in the region, it is also part of a larger strategic plan to significantly enhance our global capabilities and expansion into emerging markets."

Geosystems Kazakhstan will be fully consolidated as of October 1st 2012 and will immediately contribute to Hexagon's earnings. Excluding intercompany revenue the company had a turnover of approximately 2 MEUR in 2011.

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 13 000 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.

This information was brought to you by Cision http://www.cisionwire.com



Contact:

Hexagon AB
Mattias Stenberg, Vice President
Strategy and Communications
+46 8 601 26 27
Email Contact
or
Kristin Christensen, Vice President
Corporate Communications
+1 770 776 3428
Email Contact




Review Article Be the first to review this article

Harris

Featured Video
Jobs
GIS Data Analyst for CostQuest Associates, Inc. at Cincinnati, Ohio
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
Upcoming Events
7th International Conference on Cartography & GIS at Sozopol Bulgaria - Jun 18 - 23, 2018
Energy Drone Coalition 2018 at Royal Sonesta Hotel Houston TX - Jun 19 - 21, 2018
International Conference on Geomatics, Geomapplica 2018 at Syros - Mykonos islands Greece - Jun 25 - 29, 2018
18 International Multidisciplinary Scientific GeoConference SGEM 2018 at Paradise Blue 5 *****, Congress Center Albena Resort & Spa Bulgaria - Jun 30 - 9, 2018
LaserTech
Teledyne Optech
Teledyne:
Interdrone 2018



Internet Business Systems © 2018 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