NACKA STRAND, Sweden — (BUSINESS WIRE) — April 15, 2013 — Regulatory News:
Hexagon AB (STO: HEXAB), leading global provider of design, measurement and visualisation solutions, has acquired all shares in MANFRA, the Brazil-based distributor of Leica Geosystems products for nearly 30 years.
In addition to the company’s partnership with Leica Geosystems, MANFRA is also the developer of Posição topography software for the surveying sector. Founded in 1978 in Curitiba, MANFRA serves the surveying and engineering, construction, mining and agriculture industries, primarily in the south and west Brazilian markets.
“MANFRA’s strong installed base in the Brazilian territory and expanded footprint across the region strengthens our penetration in this emerging market,” said Hexagon President and CEO Ola Rollén. “In addition to increased distribution capabilities in the whole of South America, we look forward to the unique application knowledge and products the MANFRA acquisition brings to the Hexagon family. Both will help add value to our solutions and better serve the evolving needs of the local customer base.”
MANFRA will be fully consolidated as of today and will contribute to Hexagon's earnings. Excluding intercompany revenue, the company's turnover for 2012 amounted to approximately 7 MEUR.
Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design, measurement and visualisation technologies. Our customers can design, measure and position objects, and process and present data, to stay one step ahead of a changing world. Hexagon’s solutions increase productivity, enhance quality and allow for faster, better operational decisions, saving time, money and resources. Hexagon has close to 14 000 employees in more than 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, safety and security, construction and manufacturing. Learn more at www.hexagon.com.
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