MSCI reclassification: Hexagon gets new sector classification

27 July 2011

MSCI has decided to reclassify Hexagon AB from Sector 20 Industrials to Sector 45 Information Technology as of market close 29 July, 2011. Classification is undertaken in accordance with the Global Industry Classification Standard (GICS), the classification standard used by many stock exchanges including NASDAQ OMX Stockholm.

The reclassification entails that Hexagon enters and exits a number of sub-indices of the NASDAQ OMX Stockholm Stock Exchange as of August 1st. The most important index changes are:

Sector level:

  • Enters: SX45PI Information Technology
  • Exits: SX20PI Industrials

Industry group level:

  • Enters: SX4520PI Technology Hardware & Equipment
  • Exits: SX2010PI Capital Goods

Industry level:

  • Enters: SX452030PI Electronic Equipment, Instruments & Components
  • Exits: SX251060PI Machinery

No indices are compiled at the sub-industry level.
Hexagon will continue to be included in the NASDAQ OMX Stockholm Stock Exchange All-Share and Benchmark indices.

The change in sector classification is a result of the fact that Hexagon has gone through a major transformation during the last ten years, which was further highlighted by the acquisition of Intergraph last year. Today, our position as a world leading developer of design, measurement and visualisation technologies is the result of a ten-year, radical transformation of Hexagon as a company. What began as a Nordic conglomerate of engineering and trading companies is now a global, research and technology-intensive Group.

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