Hexagon acquires leading distributor in Turkey

22 May 2007

Hexagon has entered into an agreement to acquire all assets of Transmetal, the leading distributor of metrology products in Turkey.

Transmetal has a turnover of about 40 MSEK and has in recent years shown a consistent growth. The company is headquartered in Ankara, Turkey and employs 15 people.

Hexagon Metrology Turkey will immediately start to supply and distribute the Hexagon Group product portfolio within the micro segment of the measurement technologies market, in the continuously expanding Turkish market.

"The acquisition of Transmetal is a vital piece in Hexagon's commitment to global expansion. The acquisition is a further step in the Hexagon growth strategy to follow our customers' industrial geographical expansion by being locally present with our whole range of metrology products, software and services", says Ola Rollén, CEO and President of Hexagon AB.

Transmetal will be consolidated as of 1 June 2007 and will immediately contribute to Hexagon's earnings.

Hexagon AB is a global technology group with strong market positions within measurement technologies and polymers. Hexagon's vision is to be number one or number two in each strategic business area. The group has about 8 000 employees in 30 countries and net sales of about 13 500 MSEK.

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