Hexagon Strengthens North American Distribution

Hexagon has entered into agreements to acquire all outstanding shares of the North American companies Surveyors Service Company and Haselbach Surveying Instruments.

The two companies, headquartered near Los Angeles and San Francisco, respectively, are distributors and service providers for surveying equipment in the South-Western USA.

"Both companies are important elements in Hexagon's global growth strategy in the core surveying and construction markets. With these two acquisitions plus the actions we undertook in 2007 we are continuing to establish a solid foundation for Hexagon's Macro business in the region", says Ola Rollén, CEO and President of Hexagon AB.

The companies have shown solid sales and profitability growth over the last years. Together the two companies currently employ 50 people.

Surveyors Service Company and Haselbach Surveying Instruments will be fully consolidated as of 1 February 2008. Both companies will immediately contribute to Hexagon's earnings.