Hexagon acquires the largest hydraulics company in the Nordic region

4 May 2000

Hexagon acquires the largest hydraulics company in the Nordic region * Hexagon's subsidiary Dacke Hydraulik acquires the operations of Berendsen PMC in the Nordic region * As a result of this acquisition, Dacke Hydraulik becomes the market leader in all Nordic countries * In total, turnover in Dacke Hydraulik is expected to increase to MSEK 1,700 on a whole year basis Hexagon's subsidiary Dacke Hydraulik AB has signed an agreement to acquire Sophus Berendsen A/S' subsidiary Berendsen PMC, Norden, operating principally within the hydraulics sector. The acquisition is expected to come into effect in June 2000, and is subject to approval by the relevant competition authorities. The acquisition will entail that Dacke's turnover will increase from MSEK 600 to MSEK 1,700 on a whole year basis. Dacke Hydraulik is already a leading actor in the hydraulics sector in Sweden and will, as a result of the acquisition, also achieve a strong market position in Denmark, Finland and Norway. Dacke Hydraulik's CEO Börje Vernet: "As a result of the acquisition of Berendsen PMC, we will reach a market leading position in the Nordic region and will have every potential, in close cooperation with our customers and suppliers, to continue to develop our operations as an all- in player within the hydraulics sector, comprising components, systems and growing service operations." Hexagon's CEO Börje Andersson: "This transaction advances the position for Hexagon's technology trading operations and gives Dacke Hydraulik a solid platform for the future development of operations. The acquisition will have a favourable effect on Hexagon Group earnings already during the present financial year." Hexagon is listed on the Stockholm Stock Exchange and in 1999 had a turnover in excess of SEK 4.7 billion. Our business concept is to create growth by the acquisition and development of industrial companies. Gothenburg, 4 May 2000 HEXAGON AB (publ) For further information, please contact: Börje Vernet, CEO, Dacke Hydraulik AB, Tel. No. +46 (0)709-51 67 82 Claes Lindkvist, Investor Relations, Hexagon AB, Tel. No. +46 (0)70-585 18 67 or visit Hexagon's website: www.hexagon.se

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