NACKA STRAND, Sweden — (BUSINESS WIRE) — August 18, 2011 — Regulatory News:
Hexagon (STO: HEXAB) has acquired all shares in the Brazilian software and services provider SISGRAPH. SISGRAPH has been providing custom made Intergraph solutions to Latin America since 1980. SISGRAPH provides sales, consulting, implementation and training services for all Intergraph products in Latin America. SISGRAPH's technical team of more than 100 engineers and specialists has deep knowledge of Intergraph products, its applications and the markets to which they are destined. The company has long-term relationship with the major companies in the process and power segment in the area as well as with several local government agencies.
Excluding inter-company sales, SISGRAPH’s turnover in 2010 amounted to approximately 11 MEUR. The company has shown solid growth over the last years and strong profitability.
"The purpose of this acquisition is twofold. It will strengthen our presence in the fast growing South American market and it will give us full access to the competence, customer relations, service capability and proprietary technology of SISGRAPH. We believe South America in general and Brazil in particular has very interesting growth prospects for the years to come. For our Power, Process and Marine business we see many opportunities related to the exploration and production of Brazil's massive offshore oil reserves and in our Security, Governments and Infrastructure business we have for example many interesting leads related to the 2014 World Cup and the 2016 Olympics", says Ola Rollén, CEO and President of Hexagon AB.
SISGRAPH will be fully consolidated as of today and will immediately contribute to Hexagon's earnings.
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 12 000 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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