Hexagon acquires minority stake in North West Geomatics Ltd.

NACKA STRAND, Sweden — (BUSINESS WIRE) — September 9, 2012 — Regulatory News:

Hexagon AB (STO: HEXAB), the leading global provider of design, measurement and visualization technologies, announced today that it will acquire 10 per cent of the shares in North West Geomatics Ltd.

North West Geomatics Ltd., also known as North West Group (North West), is a leading aerial data acquisition company dedicated to providing high quality aerial mapping and related spatial data services to engineering and mapping firms, environmental consulting organizations, and government agencies. Besides housing the single largest library of high resolution imagery and LiDAR (Light Detection and Ranging) data in Canada, North West participates in large scale aerial data collection projects throughout the US and across the globe. 

"Following a similar investment earlier this year in Blom, a leading European company in the same markets, this alliance further underscores our commitment to redefine the geospatial eco-system and provide new dimension to the industry overall”, said Ola Rollén, President and CEO of Hexagon AB. "Already a longstanding partner of Leica Geosystems and Intergraph, the expanded  alliance with North West undoubtedly strengthens the utility and relevance of our current offerings and our continued ability to meet the ever-increasing needs of our geospatial customer base with industry-leading solutions.”

“North West looks forward to continuing our long standing relationship with Hexagon Geosystems and assisting them in building their geospatial customer base” said Fred Welter, North West President and CEO.

Hexagon is a leading global provider of design, measurement and visualisation technologies. Our customers can design, measure and position objects, and process and present data, to stay one step ahead of a changing world. Hexagon’s solutions increase productivity, enhance quality and allow for faster, better operational decisions, saving time, money and resources. Hexagon has over 13 000 employees in more than 40 countries and net sales of about 2 200 MEUR. Our products are used in a broad range of industries including surveying, power and energy, aerospace and defence, safety and security, construction and manufacturing. Learn more at www.hexagon.com.

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Contact:

Mattias Stenberg, Vice President, Strategy & Communications, Hexagon AB,
+46 8 601 26 27, Email Contact
or
Kristin Christensen, Vice President, Corporate Communications, Hexagon,
+1 770 776 3428, Email Contact




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