Bli medlem
Bli medlem

Du är här

2014-04-27

Hexagon: Hexagon signs an agreement to acquire Arvus, manufacturer of precision agriculture solutions

Hexagon AB, a leading global provider of design, measurement and
visualisation technologies, has signed an agreement to acquire Arvus,
a manufacturer of precision agriculture solutions for closer, more
site-specific management of the factors affecting crop production.
This means different parts of a field can be managed separately,
where the application of essential nutrients and various other inputs
can be fine-tuned through the use of sensors and GPS technologies.

Headquartered in Florianópolis, Brazil, Arvus has partners in the most
important agricultural borders of Brazil. The company has a portfolio
of high-end equipment and software products designed specifically for
precision farming and the forestry industry. The solutions are
supported through personalised technical assistance by Arvus
employees.

The acquisition of Arvus is a strategic step in the further
development of the Smart Agriculture solution from Hexagon Solutions.
Strong in the South American sugarcane, forestry and grain markets,
Arvus provides Hexagon the channels to expand its agriculture
portfolio and footprint. Arvus' offerings complement Hexagon's
machine control solutions, providing guidance, real-time fleet
management, and field-to-office data analytics applications as well
as various hardware and software solution integration opportunities.

"Together with our existing footprint in the agriculture industry, the
acquisition of Arvus will help lead the way for further product and
market development, enabling Hexagon to offer a comprehensive
solution for increasing productivity, reducing waste and optimising
processes and resources", said Hexagon President and CEO Ola Rollén.

The transaction remains subject to customary closing conditions.
Closing is expected no later than end of May 2014. The acquisition
will have no significant impact on Hexagon's earnings.

For further information please contact:
Carl Gustafsson, Investor Relations Manager, Hexagon AB,
46 8 601 26 27, ir@hexagon.com

Kristin Christensen, Vice President, Corporate Communications, Hexagon
AB,

1 404 554 0972, media@hexagon.com
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
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.

-----------------------------------------------------------
http://news.cision.com/hexagon/r/hexagon-signs-an-agreement-to-acquire-a...
http://mb.cision.com/Main/387/9575185/237618.pdf

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.