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You are here: Home / * PRESS / Business / Hexagon announces one-off items in the fourth quarter 2020 related to acquisitions

Hexagon announces one-off items in the fourth quarter 2020 related to acquisitions

January 5, 2021 By Editor

Hexagon AB, a global leader in sensor, software and autonomous solutions, has recently closed several acquisitions including the previously announced D.P. Technology, PAS Global and OxBlue.

The closing of the acquisitions will impact the income statement during the fourth quarter 2020 with one-off items totalling -34 MEUR. The one-off items relate to the impairment of overlapping technologies, transaction costs and integration costs.

D.P Technology is a leading developer and supplier of computer-aided manufacturing (CAM) technology with forecast sales of approximately 34 MEUR during 2020.

PAS is a leading provider of Operational Technology (OT) integrity solutions with forecast sales of approximately 34 MEUR in 2020.

OxBlue is a leading provider of construction visualisation technology with forecast sales of approximately 37 MEUR in 2020.For further information, please contact:
Maria Luthström, Head of Sustainability and Investor Relations, Hexagon AB, +46 8 601 26 27, ir@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 5 January 2021.

Filed Under: Business Tagged With: Hexagon

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About Editor

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.

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