Hexagon to Acquire Russia’s NAVGEOCOM

Hexagon has entered into a definitive agreement to acquire all outstanding shares in Russia-based Navgeocom. The company is the largest distributor for Leica Geosystems, a Hexagon brand, in the Russian Federation.

Founded in 1997, Navgeocom has grown into one of the top-tier distributors of surveying and mapping products in Russia. The acquisition marks another step in Hexagon’s global distribution strategy, which aims to establish a strong direct presence in all key markets.

“Strategically, the acquisition of Navgeocom is a great fit for Hexagon and yet another step toward expanding our presence in Russia and Central Asia. Furthermore, Russia is entering into a phase of significant investment in transport infrastructure,” said Hexagon AB President and CEO Ola Rollén. “In addition to Russian highways, it includes significantly increasing the size of Moscow and surrounding its perimeter with a motorway, an expressway and high-speed rail system between Moscow and St. Petersburg, and an international transport passage programme between Europe and West China. Coupled with the acquisition, these projects provide substantial growth opportunities across Hexagon and improve our ability to serve customers in the Russian Federation.”

The transaction is subject to regulatory approval and customary closing conditions. The transaction is expected to close as of end of February 2013 and will contribute to Hexagon’s earnings. Excluding intercompany revenue, the company’s turnover for 2012 amounted to approximately 10 MEUR.

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 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.

 

image_pdfimage_print
Share SHARE
Editor (18230 Posts)

Glenn is a geographer and a GIS professional with over 20 years experience in the industry. He's the co-founder of GISuser and several other technology web publications.


Editor’s Picks

autocad for mac

AutoCAD for Mac 2015 and AutoCAD LT for Mac 2015 Now Available

New Functionality Helps Mac and Windows Users Work Together More Efficiently SAN FRANCISCO–(BUSINESS WIRE)–Autodesk, Inc. (NASDAQ: ADSK) today announced the 2015 releases of AutoCAD for Mac and AutoCAD LT for Mac software, two of the leading computer-aided design (CAD) tools for Mac users. The new software makes it easier than ever for businesses and students to […]

arkansas

Arkansas.gov Ranks Among Top 3 Government Websites

This week the State of Arkansas announced that its official website, Arkansas.gov, has been named the third best state government website in the country in the annual “Best of the Web” competition sponsored by the Center for Digital Government. This marks the ninth year in a row the state portal has received a top 10 national ranking, including its […]

10-year-old Raffia brings you a camel's-eye view of the Liwa Desert. (Courtesy Google)

Google recruits a camel as a Trekker to map Street View desert

A little Friday fun here as we share the latest from the Google Street View team… camel view! This from Fox News 13… It’s given us robot cars and internet-enabled glasses — but when it came to creating a “Street View” of a desert, Google hit on a low-tech solution. It hired a camel. The […]

More Posts from this Category

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>