Hexagon acquires HTR Hydrauliikka within the business area automation

11/15/2001 8:23 AM EST

HEXAGON ACQUIRES HTR HYDRAULIIKKA WITHIN THE BUSINESS AREA AUTOMATION

Effective as of November 15, 2001, Polarteknik PMC Oy Ab, a company
within Hexagon Automation, has taken over the entire share capital of
HTR Hydrauliikka Oy. The company was established in 1987. Employs 8
people and had a turnover of
FIM 17 million (2,86 ME) for the year 2000.

HTR Hydrauliikka's main products are hydraulic pumps, valves and motors
as well as manufacturing of power units.

The acquisition of HTR Hydrauliikka strengthens Polarteknik's position
as the market leader in Finland.

The acquisition will contribute to Hexagon's earnings as of the day of
consolidation.

For further information, please contact:

Börje Vernet, President Inger Eriksson-Blom, President
Hexagon Automation Polarteknik PMC Oy Ab
Tel: +46 42 38 15 50 Tel: +358 9 878 080


Hexagon AB is a multinational engineering group with the long-term
ambition of positioning itself as number one or number two within its
strategies sector. The operation is divided into four business areas:
Hexagon Automation, Hexagon Engineering, Hexagon Wireless and Hexagon
Metrology. The group's targets are to increase earnings per share after
tax by at least 15 per cent p.a., and achieve a return on capital
employed higher than 15 per cent over the business cycle. Current
turnover amounts to more than 7 SEK billion p.a.