Approvals for Hexagon's acquisition of Intergraph obtained

On 6 July 2010, Hexagon AB entered into an agreement to acquire the US-based software provider Intergraph Corporation. Completion of the transaction was subject to certain conditions, including clearance from the relevant competent competition authorities and CFIUS (Committee on Foreign Investment in the United States). All approvals have now been obtained, other conditions reviewed and the acquisition is expected to be completed on Thursday 28 October 2010. Hexagon will pay a cash purchase price of 2 125 MUSD for Intergraph on a cash and debt free basis.

Intergraph is a leading global provider of enterprise engineering software and geospatially powered solutions that enables customers to visualize and manage complex data. Intergraph fulfils all prerequisites that Hexagon has set for software driven expansion. The combination of Hexagon's leadership in solutions that capture rich geospatial data using aerial and ground based point cloud sensor technology, with Intergraph's leadership in engineering and geospatial software, will enable the enlarged Hexagon Group to develop and provide unrivalled integrated solutions to clients. Intergraph is headquartered in Huntsville, Alabama, USA, and employs approximately 4 000 people in 34 countries.

"With Intergraph's technology, Hexagon can add a market-leading software platform to Hexagon's offering. This in combination with our global resources and competences, the opportunities for creating innovative new client solutions is virtually limitless. I am enthusiastic about finally being able to kick off the integration process and very much look forward to working together with our new colleagues at Intergraph", says Ola Rollén, President and CEO of Hexagon AB.

Intergraph will be a fully owned subsidiary of Hexagon and will operate as a separate application area under the Intergraph name and branding. As previously communicated, Ola Rollén President and CEO of Hexagon AB assumes also the role of CEO of Intergraph in accordance with the Hexagon model for successful integration into the Hexagon Group. The two Intergraph divisions Process, Power & Marine (PP&M) and Security Government & Infrastructure (SG&I), continue to operate under the leadership of Gerhard Sallinger and John Graham, respectively.

As previously communicated, to finance part of the acquisition Hexagon will pursue a rights issue corresponding to approximately 6 500 MSEK. See separate press release for further information on the rights issue.

Information on the financial implications of the acquisition of Intergraph will be communicated as soon as practically possible after the acquisition has been completed.

This press release may contain forward-looking statements. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. They may involve risks and uncertainties, including technological advances in the measurement field, product demand and market acceptance, the effect of economic conditions, the impact of competitive products and pricing, foreign currency exchange rates and other risks. These forward-looking statements reflect the views of Hexagon's management as of the date made with respect to future events and are subject to risks and uncertainties. All of these forward-looking statements are based on estimates and assumptions made by Hexagon's management and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results or experience could differ materially from the forward-looking statements. Hexagon disclaims any intention or obligation to update these forward-looking statements.

This press release consists of such information that Hexagon AB (publ) may be obliged to disclose in accordance with the Swedish Securities Market Act and /or the Financial Instruments Trading Act. The information was submitted for publication on 25 October 2010 at 08:00 CET.