Hexagon Announces Completion of Thermopylae Sciences and Technology Acquisition

12 April 2019

Hexagon AB, a global leader in digital solutions, today announced the completion of the previously announced acquisition of Thermopylae Sciences and Technology.

Thermopylae is a Virginia, USA-based software provider serving both the U.S. government and private sector markets with geospatial applications, mobile frameworks and cloud computing for enhanced location intelligence. Collectively, Thermopylae’s technologies, coupled with Hexagon’s other geospatial offerings, provide location intelligence solutions to solve critical, real-world challenges at the tactical edge.

Thermopylae will operate as a part of Hexagon US Federal, a company operating under a proxy agreement within Hexagon’s Geospatial division (which is reported under the Geospatial Enterprise Solutions segment). 2018 sales amounted to 48 MUSD.

For further information, please contact:
Daniel Johansson, Investor Relations, Hexagon AB, +46 8 601 26 27, ir@hexagon.com
Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554 0972, media@hexagon.com

ABOUT HEXAGON

Hexagon is a global leader in sensor, software and autonomous solutions. We are putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications.

Our technologies are shaping urban and production ecosystems to become increasingly connected and autonomous — ensuring a scalable, sustainable future.

Hexagon's Safety, Infrastructure & Geospatial division improves the performance, efficiency and resilience of vital services. Its Safety & Infrastructure solutions enable smart and safe cities. Its Geospatial software leverages the power of location intelligence.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,500 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com and follow us @HexagonAB.