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Hexigon Acquires Microsurvey

In an official press release from Microsurvey, we learn of their new acquisition by Hexigon:

FOR IMMEDIATE RELEASE

MicroSurvey Software Acquired by Hexagon

January 19th, 2012 – MicroSurvey is excited to announce that The Hexagon Group has entered into an agreement to acquire all outstanding shares of MicroSurvey Software Inc., the leading Canadian based developer of surveying and mapping software for the land surveying, construction, and forensic markets.

"MicroSurvey has grown very rapidly in the last 2 years and the acquisition by Hexagon gives us the means to grow even faster and keep pace with the ever-growing customer demand. Our team is extremely excited about this acquisition as it provides us the vehicle for further investment in innovation and greater access to the market", stated Darcy Detlor, president of MicroSurvey Software. Mr. Detlor will continue as president of MicroSurvey.

Headquartered in Kelowna, British Columbia, MicroSurvey currently employs 30 people. With a successful expansion of its footprint in recent years, today the company provides innovative software solutions to customers around the world.

"The acquisition of MicroSurvey notably expands Hexagon's product offerings and software development capabilities for several of our key markets including land surveying, construction and public safety." said Ola Rollen, CEO and President of Hexagon AB. "Additionally, both MicroSurvey's software products and Hexagon's instrument products enjoy strong leadership positions in these markets". "The ability to offer such comprehensive, market-leading and innovative solutions will undoubtedly benefit both current and future customers of Hexagon."

About MicroSurvey

MicroSurvey Software Inc. has been developing software and hardware solutions for surveying, forensic mapping, and data collection for over twenty-five years. With customers in over 100 countries, MicroSurvey Software is a two-time winner of PROFIT Magazine's 100 Fastest Growing Companies and a winner of the Deloitte Technology Fast 500. Both have recognized MicroSurvey Software for its outstanding sales growth.

About Hexagon

Hexagon has over 12,500 employees in more than 40 countries and net sales of about 2,200 Million Euros. Their 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.

Press Release from Hexigon

2012-01-19 08:00
Hexagon acquires leading Canadian surveying & mapping software developer, MicroSurvey

Hexagon has entered into an agreement to acquire all outstanding shares of MicroSurvey Software Inc., a leading Canadian based developer of surveying and mapping software for the land surveying, construction, and forensic markets.

Headquartered in Kelowna, British Columbia, MicroSurvey currently employs 30 people. With a successful expansion of its footprint in recent years, today the company provides innovative software solutions to customers around the world.

"The acquisition of MicroSurvey notably expands Hexagon's product offerings and software development capabilities for several of our key markets including land surveying, construction and public safety." said Ola Rollen, CEO and President of Hexagon AB. "Additionally, both MicroSurvey's software products and Hexagon's instrument products enjoy strong leadership positions in these markets". "The ability to offer such comprehensive, market-leading and innovative solutions will undoubtedly benefit both current and future customers of Hexagon."

Excluding inter-company sales, MicroSurvey's turnover in 2010 amounted to approximately 2 MEUR.

For further information please contact: Mattias Stenberg, Vice president Strategy & Communications, Hexagon AB, +46 8 601 26 27, ir@hexagon.com

Hexagon 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 over 12 500 employees in more than 40 countries and net sales of about 2 200 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.

News from GIM INternational

MicroSurvey has announced that The Hexagon Group has entered into an agreement to acquire all outstanding shares of MicroSurvey Software Inc., the leading Canada-based developer of surveying and mapping software for the land surveying, construction and forensic markets.

"MicroSurvey has grown very rapidly in the last 2 years and the acquisition by Hexagon gives us the means to grow even faster and keep pace with the ever-growing customer demand. Our team is extremely excited about this acquisition as it provides us the vehicle for further investment in innovation and greater access to the market", stated Darcy Detlor, president of MicroSurvey Software. Mr. Detlor will continue as president of MicroSurvey.

Headquartered in Kelowna, British Columbia, MicroSurvey currently employs 30 people. With a successful expansion of its footprint in recent years, today the company provides innovative software solutions to customers around the world.

"The acquisition of MicroSurvey notably expands Hexagon's product offerings and software development capabilities for several of our key markets including land surveying, construction and public safety," said Ola Rollen, CEO and president of Hexagon AB. "Additionally, both MicroSurvey's software products and Hexagon's instrument products enjoy strong leadership positions in these markets. The ability to offer such comprehensive, market-leading and innovative solutions will undoubtedly benefit both current and future customers of Hexagon."

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