STOCKHOLM, Oct. 8, 2013—Hexagon AB, leading global provider of design, measurement and visualization solutions, has entered into an agreement to acquire Airborne Hydrography AB (AHAB), a provider of airborne laser survey systems for hydrographic and topographic surveys.
Founded in 2002 and based in Jönköping, Sweden, AHAB serves international survey companies and governmental organizations around the world, with hydrographic and topographic software and systems to map land, coastal zones and seafloors. Their product portfolio includes airborne bathymetric LiDAR technology, which provides the equivalent of above-water topographic maps, enabling underwater objects to be detected and deep and shallow waters and coastal zones to be mapped and monitored.
"Highly accurate hydrographic surveys are of particular importance when it comes to monitoring and managing the effects of changing sea-levels, flooding, or coastal damage due to natural disasters,” said Hexagon AB President and CEO Ola Rollén. “The AHAB portfolio of products will enable Hexagon to expand into the growing deep and shallow water bathymetry and coastal topography markets – which are indispensable when it comes to the safety of those that live in coastal regions and the expedited recovery in these areas in the face of the disaster.”
The transaction is subject to customary closing conditions. The acquisition has no significant impact on Hexagon’s earnings.
For further information please contact: Mattias Stenberg, Vice President, Strategy and Communications, Hexagon AB, +46 8 601 26 27, email@example.com
Kristin Christensen, Vice President, Corporate Communications, Hexagon AB, +1 404 554 0972, firstname.lastname@example.org
Hexagon (NASDAQ OMX Stockholm: HEXA B) 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 more than 14 000 employees in over 40 countries and net sales of about 2 400 MEUR. Our products are used in a broad range of industries including surveying, power and energy, aerospace and defence, construction, safety and security, automotive and manufacturing. Learn more at www.hexagon.com.