Hexagon acquires Italian metrology operation

Hexagon has acquired the assets of the, bankrupt Italian metrology supplier Poli S.p.A., from the provincial court in Vercelli, Italy. The Acquisition includes an in-ventory of coordinate measurement machines (CMMs) and spare parts, certain manu-facturing equipment as well as immaterial commercial rights and information.

The purchase price is set at 1 M.EURO for the assets.

Before Poli was made bankrupt it had a sales turn over of approximately 15 M.EURO per annum.

Hexagon will, via this acquisition, become the official after market services provider for Poli machines. Hexagon will be able to offer customers that have invested in Polis technology a gradual migration to Hexagons world leading soft ware PC-DMIS as well as offering access to Hexagons extensive after market services organisation.

Hexagon is frequently faced with customers asking for a path to migrate from less sophisticated soft ware and hard ware solutions bought from small suppliers of me-trology systems. Without this path the customers are faced with obsolete investments as these suppliers fail to deliver according to their commitments due to diminishing financial resources. Hexagon has therefore created a retrofit and upgrade package that will enable Polis customers to save already done investments in so called parts programmes and at the same time update their metrology systems to PC-DMIS.

For further information, please contact:

 Ola Rollén, C.E.O. & President                        	
 Hexagon AB	
 Tel: + 46 8 601 26 20	

Håkan Halén, C.F.O.
Hexagon AB
Tel: + 46 8 601 26 20

Hexagon AB is a multinational engineering group with the long-term ambition of positioning itself as number one or number two within its strategic sectors. The operation is divided into four business areas: Hexagon Automation, Hexagon Engineering, Hexagon Metrology and Hexagon Polymers. The group's targets are to increase earnings per share after tax by at least 15 per cent p.a., and achieve a return on capital employed higher than 15 per cent over the business cycle. Current turnover amounts to more than 7 GSEK p.a.