Hexagon acquires Norways biggest temperature measurement company

12 June 1998

Hexagon acquires Norway’s biggest temperature measurement company
and becomes the market leader in The Nordic Countries
Through its subsidiary, Gustaf Fagerberg Holding AB, Hexagon has acquired Teck
Instrument AS in Tranby, Norway. As a result of this acquisition of Teck Instrument,
Gustaf Fagerberg has become the largest company within the Nordic region in the field of
temperature measurement for industrial applications. This means that together with the
Swedish company, Pentronic, the annual turnover within this product area has been calculated
to amount to approximately SEK 100 million.
Teck Instrument manufactures and imports equipment and instruments for temperature and
pressure measurement. Tech has a turnover of SEK 52 million and has 40 employees. Teck is
Norway’s largest company within the field of temperature measurement and temperature
sensors for the industry, and thus nicely complements Pentronic AB which has been within
the Gustaf Fagerberg organisation for some time. The acquisition is of strategic importance
within the area of temperature measurement and means that Gustaf Fagerberg has now
become the largest Nordic company within the field. The product area pressure measurement
within Teck, also complement Gustaf Fagerberg, which for many years has been one of the
leading company in these areas in the Nordic Countries. As a result of this acquisition, the
annual turnover of Gustaf Fagerberg has been estimated to reach just over SEK 600 million.
Hexagon is an industrial and trading group whose business mission is to acquire and develop
medium sized industrial companies over the long term. The company is listed on the
Stockholm Stock Exchange and the turnover in 1997 amounted to SEK 4.2 billion.
Landskrona 12 June 1998
Börje Andersson
President and CEO
For further information, please feel free to contact:
Claes Lindkvist, Acquisition and Investor Relations, Hexagon AB, tel. +46 418 44 92 05
Staffan Englund, MD, Gustaf Fagerberg Holding AB, tel. +46 31 69 37 00
Media Enquiries
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Hexagon AB
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