AI assistant
Hexagon — M&A Activity 2014
Mar 17, 2014
2919_rns_2014-03-17_3cd3b408-bbb1-4deb-8329-9ab2aa700a9c.pdf
M&A Activity
Open in viewerOpens in your device viewer
Press Release
Stockholm, Sweden, 17 March 2014
Hexagon concludes divestiture of Other Operations
Hexagon has today divested SwePart, the last remaining part of Other Operations, to Merlinum AB.
Following the divestment of EBP Olofström AB in July 2013, Hexagon's strategy to concentrate all resources on its core business, Measurement Technologies, is now fulfilled.
SwePart is a leading manufacturer of custom gearbox housings, precision-ground gearwheels and other transmission parts for industrial and automotive applications. In 2013, SwePart had a turnover of approximately 47 MEUR with an EBIT margin of approximately 2 per cent. SwePart represents less than 2 per cent of Hexagon's net sales.
The divestment entails a capital loss of approximately 1.5 MEUR.
For further information please contact: Carl Gustafsson, IR Manager, Hexagon AB, +46 8 601 26 27, [email protected]
Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design, measurement and visualisation technologies. Our customers design, measure and position objects, and process and present data, to stay one step ahead of a changing world.
Hexagon's technologies increase productivity, enhance quality and allow for faster, better operational decisions, saving time, money and resources.
Hexagon has more than 14 000 employees in over 40 countries and net sales of about 2 400 MEUR. Our products are used in a broad range of industries including surveying, power and energy, aerospace and defence, construction, safety and security, automotive and manufacturing. Learn more at www.hexagon.com.