Hexagon (OTC:HEXN) (STO:HEXAB) has acquired all outstanding shares in m&h Group ( www.mh-inprocess.com). The Group consists of the three German companies m&h Inprocess Messtechnik GmbH, m&h Inprocess International Trading GmbH and m&h Inspect GmbH.
m&h is a leading developer, manufacturer and distributor of machine tool probes including related software and services. The Group has a strong technology and intellectual property base.
m&h was founded in 1991 and today employs 55 people. The Group had a turnover of approximately 90 MSEK in 2007 and has recorded a healthy growth over the last years. The acquisition of m&h will position Hexagon as a leading player in the machine tool probing segment.
“The acquisition of m&h adds a comprehensive product line with state of the art technology and superior quality and reliability to the Hexagon product portfolio for process control within the machine tool segment”, says Ola Rollén, CEO and President of Hexagon AB.
m&h will be fully consolidated as of 1 July 2008 and will immediately contribute to Hexagon’s earnings.
Hexagon AB is a global measurement technologies company with strong market positions. Hexagon's mission is to develop and market leading technologies and services to measure in one, two or three dimensions, to position and update objects and to time processes. The group has about 8 000 employees in 35 countries and net sales of about 12 000 MSEK. Read more at www.hexagon.se.
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Contact: Hexagon AB Sara Kraft, Investor Relations, +46 8 601 26 27 Email Contact