Hexagon Metrology acquires MIRAI

10/4/2002 4:36 AM EST

HEXAGON METROLOGY ACQUIRES MIRAI

Hexagon Metrology, a business area within the Hexagon Group, has signed
an agreement to acquire all outstanding shares in the Italian software
provider MIRAI S.R.L. The Acquisition is expected to have a positive
effect on Hexagons earnings as of the day of consolidation The Take over
will be concluded on October the 31st 2002.

MIRAI is an Italian software provider. The Company was founded in 1989,
with its offices in Torino and Bologna. Since 1998 the company has
focused on software products for so called Sheet Metal applications,
i.e. applications to measure and design large metallic parts. The
Customers are to be found in the automotive and aerospace industries.

The Number of employees amounts to 26 and the net invoiced sales amounts
to app. 25 MSEK.

Mirai will continue as a separate entity within Hexagon Metrology and
its founder, Mr Maurizio Schipa, will remain as C.E.O. The Product
family Surfer NT will continue to be offered to other metrology
suppliers.

Mirai will develop a link to Hexagon Metrology's main soft ware PC-DMIS.
Given this development PC-DMIS will be able to offer the same excellent
functionality as Surfer NT for the sheet metal market. This, new
integrated product, will be launched during the autumn of 2003.

For further information, please contact:

Ola Rollén, President and CEO Håkan Halén, CFO
Hexagon AB Hexagon AB
Phone: +46 (0)8 - 601 26 20 Phone: +46 (0)8 - 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
strategic sectors. The operation is divided into three business areas:
Hexagon Automation, Hexagon Engineering 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 GSEK p.a.