Hexagon streamlines its business in Denmark

6/20/2001 9:54 AM EST

HEXAGON STREAMLINES ITS BUSINESS IN DENMARK

The by Hexagon wholly-owned danish subsidiary PMC Technology A/S, which
is a part of the Hexagon business area Automation, disposes its
transmission business to Nomo Kullager AB, a subsidiary of Axel Johnson
International AB. The disposal will be concluded on 1st of September.

The disposed business has a turnover of approximately 28 DKK million
p.a. and employs 12 persons.

The disposal is a step in Hexagons strategy of focusing its operations
on four business areas. The transaction makes it possible for Hexagon
Automation to concentrate its Danish operation into hydraulics
components, systems and gears for the wind power industry. In addition
to manufacturing and distribution, PMC also develops a concept for
aftermarket services within hydraulics.

For further information, please contact:

Ola Rollén, VD, Hexagon AB
Tel: 08 - 601 26 20
Börje Vernet, VD, Hexagon Automation
Tel: 042 - 38 15 50


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.