Hexagon acquires metrology company with peak competence
6/19/2001 11:41 AM EST
HEXAGON ACQUIRES METROLOGY COMPANY WITH PEAK COMPETENCE
Hexagon has through its wholly-owned subsidiary Brown & Sharpe, taken
over the employees and acquired the assets related to the agency of
Brown & Sharpe and Renishaw from Mikromess AB. The operation has a
turnover of approximately
30 SEK million and employs 15 persons. The transaction will be concluded
on 1st of September.
The new Swedish company will market Brown & Sharpes products and further
develop the aftermarket, in accordance with the concept, which Brown &
Sharpe successfully has developed on other markets all over the world.
The company will also assume the responsibility for the coordination of
Brown & Sharpe's further expansion in the Nordic and Baltic markets and
for market Renishaws measurement probes and other systems in de Swedish
and Norwegian markets.
Brown & Sharpe, which is part of the Hexagon business area Metrology, is
a world leading player in metrology with production of coordinate
measurement machines (CMM:s) and hand tools within 7 business units all
over the world. Extensive aftermarket services are fulfilled by 20
regional so called Precision Centres with responsibility for upgrade of
machines and software, education, contracted maintenance and other
services.
For further information, please contact:
Ola Rollén, VD Hexagon AB Lars Olsson, VD Mikromess AB
Tel: 08 - 601 26 20 Tel: 08 - 583 600 35
Gert Viebke, Hexagon AB
Tel: 08 - 601 26 20
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 eaings 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.