Hexagon AB, a global leader in digital solutions, today announced the completion of the previously announced acquisition of AutonomouStuff, one of the world’s leading suppliers of integrated autonomous vehicle solutions. Completion of the transaction was subject to regulatory approvals, including a filing to the Committee on Foreign Investment in the United States (CFIUS), which have now been obtained.
The income statement during the third quarter of 2018 will be impacted by -25 MEUR, related to impairment of overlapping technologies, transaction costs and a reduction in work force. During the third quarter 2018 Hexagon also divested its shares in Bimobject which resulted in a capital gain of 22 MEUR. Overall, the net impact of one-off items on the income statement in the third quarter 2018 will be approximately -3 MEUR.
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Hexagon is a global leader in digital solutions that create Autonomous Connected Ecosystems (ACE), a state where data is connected seamlessly through the convergence of the physical world with the digital, and intelligence is built-in to all processes.
Hexagon’s industry-specific solutions leverage domain expertise in sensor technologies, software, and data orchestration to create Smart Digital Realities™ that improve productivity and quality across manufacturing, infrastructure, safety and mobility applications.