|[June 11, 2014]
Hexagon Acquires North West Geomatics Ltd.
NACKA STRAND, Sweden --(Business Wire)--
Hexagon AB, a leading global provider of design, measurement and
visualisation technologies, has acquired the remaining 90 per cent of
the shares in North West Geomatics Ltd., making the company a fully
owned subsidiary of Hexagon. Hexagon acquired 10 per cent of North West
Geomatics' shares in 2012.
North West Geomatics, also known as North West Group (North West),
provides high-quality aerial mapping and related spatial data services
to engineering and mapping firms, environmental consulting organisations
and government agencies. In addition to housing the single largest
library of high-resolution imagery and LiDAR (Light Detection and
Ranging) data in Canada, North West has been a pioneer in developing
various techniques to maximise efficiency and productivity in photo
acquisition and subsequent photogrammetric tasks. Valtus - North West's
content database - enables the seamless integration of any customer's
privately owned content through a hosting sevice. By dedicating a
significant portion of resources to continuing research and development,
North West remains at the forefront in the aerial photography industry.
"North West brings valuable expertise in selling data content as a
service (CaaS) through its Valtus database, which enables crowdsourcing
of data content. Together with advances in sensor capabilities and the
acquisitions of AHAB, Aibotix, Geosoft and Tridicon, North West will be
an instrumental part in Hexagon's ambitions within this field", said
Hexagon President and CEO Ola Rollén.
North West Geomatics will be fully consolidated as of today. The
company's turnover for 2013 amounted to approximately 10 million EUR.
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.
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