STOCKHOLM, June 11, 2014—Hexagon AB, a leading global provider of design, measurement and visualisation technologies, has acquired the remaining 90 per cent of the shares in North West Geomatics Ltd., making the company a fully owned subsidiary of Hexagon. Hexagon acquired 10 per cent of North West Geomatics’ shares in 2012.
North West Geomatics, also known as North West Group (North West), provides high-quality aerial mapping and related spatial data services to engineering and mapping firms, environmental consulting organisations and government agencies. In addition to housing the single largest library of high-resolution imagery and LiDAR (Light Detection and Ranging) data in Canada, North West has been a pioneer in developing various techniques to maximise efficiency and productivity in photo acquisition and subsequent photogrammetric tasks. Valtus - North West’s content database - enables the seamless integration of any customer’s privately owned content through a hosting service. By dedicating a significant portion of resources to continuing research and development, North West remains at the forefront in the aerial photography industry.
“North West brings valuable expertise in selling data content as a service (CaaS) through its Valtus database, which enables crowdsourcing of data content. Together with advances in sensor capabilities and the acquisitions of AHAB, Aibotix, Geosoft and Tridicon, North West will be an instrumental part in Hexagon’s ambitions within this field”, said Hexagon President and CEO Ola Rollén.
North West Geomatics will be fully consolidated as of today. The company's turnover for 2013 amounted to approximately 10 million EUR.
For further information please contact: Carl Gustafsson, Investor Relations Manager, 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.