Releases - Hexagon

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2007

 

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Extraordinary General Meeting in Hexagon AB

12/14/2007 9:27 AM EST
The extraordinary general meeting resolved today in accordance with the Board of Director’s proposal to implement a subscription warrant programme for senior executives and key employees in the group by a directed issue of 2,500,000 subscription warrants. The warrants shall be transferred to approximately 80 senior executives and key employees at a price of SEK 20 per warrant and the remaining warrants shall be...

Hexagon’s new financial targets announced at Capital Markets Day

12/4/2007 10:00 AM EST
Hexagon today holds its capital markets day where an overview of Hexagon’s strategy and focus areas is presented and new financial targets for the period 2008 – 2010 announced.

The Hexagon sales target for year 2010 is 20 billion SEK. The target is to grow the core business to 16 billion SEK and to add acquisitions with a combined sales turnover of more than 4 billion SEK by the end of 2010.

The Hexagon EBIT...

Hexagon successfully acquires approximately 93.3% of NovAtel shares

11/28/2007 4:37 AM EST
Hexagon Canada Acquisition Inc., a wholly-owned direct subsidiary of Hexagon AB, has successfully taken-up all of the shares tendered and not validly withdrawn pursuant to its tender offer for all of the outstanding common shares of NovAtel Inc. (NASDAQ: “NGPS”) at an offer price of USD 50 in cash per share.

The tender offer and withdrawal rights expired at 5:00 p.m., New York, New York time, on 27 November...

Hexagon expands its European distribution

11/21/2007 2:00 AM EST
Hexagon acquires all outstanding shares in four companies; R&A Rost Vertriebs GmbH, R&A Rost Produktions GmbH, both in Austria, Geopro Kft. in Hungary, and Junglas GmbH in Germany.

The two Rost companies, headquartered in Vienna, are leading distributors and service providers for surveying and construction equipment in Austria. Geopro is a leading distributor for surveying and construction equipment in Hungary...

Hexagon acquires leading Indian distributor Elcome Technologies

11/19/2007 2:00 AM EST
Hexagon has entered into an agreement to acquire all outstanding shares of the Indian company Elcome Technologies Pvt. Ltd.

Elcome Technologies is a distributor and systems integrator of products and solutions for customers in the field of positioning, navigation, alignment, measurements and surveying using various technologies such as optical and GPS based equipment, aerial photogrammetry, GIS and mapping,...

The Board of Directors of Hexagon proposes a subscription warrant programme and ...

11/13/2007 9:05 AM EST
The Board of Directors of Hexagon AB has decided to propose that the extraordinary general meeting resolves to implement a subscription warrant programme for the group management as well as other senior executives and key employees in the group.

The proposal of the Board of Directors means in brief that the general meeting shall resolve on a directed issue of 2 500 000 subscription warrants. The warrants shall be...

Interim Report, January – September 2007

10/26/2007 2:00 AM EST
A record strong third quarter 2007
• Order intake increased to 3 697 MSEK (3 151). Organic growth in order intake was
18 per cent.
• Net sales increased to 3 448 MSEK (3 196). Organic growth in net sales was
14 per cent.
• Earnings before tax increased by 38 per cent to 500 MSEK (362).
• Earnings after tax increased by 61 per cent to 437 MSEK (271).
• Earnings per share, before dilution, increased by 61...

Hexagon wins tender in the China mining market

10/24/2007 8:00 AM EST
Hexagon’s subsidiary Leica Geosystems has won a tender to install a complete machine control fleet management system in one of the largest open pit mines in China, the Haolinhe Coal. An integrated GPS dispatching system will be installed to monitor and control over 250 large machines simultaneously.

The order is worth 4 MUSD, which makes the tender the largest in Leica Geosystems’ mining history. The tender is...

Commencement of cash tender offer for all the issued and outstanding shares of N...

10/19/2007 5:20 PM EST
On 19 October 2007, Hexagon Canada Acquisition Inc., a wholly-owned subsidiary of Hexagon, commenced a tender offer to acquire all the issued and outstanding common shares of NovAtel Inc. (NASDAQ: NGPS), at a price per share of USD 50 in cash, pursuant to a previously announced definitive agreement dated 8 October 2007. The Board of Directors of NovAtel has unanimously recommended that the holders of NovAtel shares...

Hexagon to acquire leading GNSS provider NovAtel Inc.

10/8/2007 3:00 AM EST
Hexagon AB (STO:HEXA B) and NovAtel Inc (NASDAQ:NGPS) have entered into a definitive agreement under which Hexagon has agreed to acquire all the outstanding shares of NovAtel for USD 50 per share.

NovAtel is a leading provider of precision Global Navigation Satellite System (GNSS) components and subsystems. NovAtel develops quality OEM products including receivers, enclosures, antennas and firmware that are...

Hexagon

Hexagon AB is a global measurement technologies company with strong market positions. Hexagon's mission is to develop and market leading technologies and services to measure in one, two or three dimensions, to position a...

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