Hexagon expands in South America
19 August 2011
Hexagon has acquired all shares in the Brazilian software and
services provider SISGRAPH. SISGRAPH has been providing custom
made Intergraph solutions to Latin America since 1980. SISGRAPH
provides sales, consulting, implementation and training services
for all Intergraph products in Latin America. SISGRAPH's
technical team of more than 100 engineers and specialists has
deep knowledge of Intergraph products, its applications and the
markets to which they are destined. The company has long-term
relationship with the major companies in the process and power
segment in the area as well as with several local government
agencies.
Excluding inter-company sales, SISGRAPH's turnover in 2010
amounted to approximately 11 MEUR. The company has shown solid
growth over the last years and strong profitability.
"The purpose of this acquisition is twofold. It will strengthen
our presence in the fast growing South American market and it
will give us full access to the competence, customer relations,
service capability and proprietary technology of SISGRAPH. We
believe South America in general and Brazil in particular has
very interesting growth prospects for the years to come. For our
Power, Process and Marine business we see many opportunities
related to the exploration and production of Brazil's massive
offshore oil reserves and in our Security, Governments and
Infrastructure business we have for example many interesting
leads related to the 2014 World Cup and the 2016 Olympics", says
Ola Rollén, CEO and President of Hexagon AB.
SISGRAPH will be fully consolidated as of today and will
immediately contribute to Hexagon's earnings.
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