Hexagon has entered into an agreement to acquire Intergraph Corporation. The cash purchase price is of 2,125 MUSD on a cash and debt free basis. The acquisition will further strengthen Hexagon’s position as a world leading measurement technology Group. Significant synergies are expected to arise from the transaction.
The acquisition is fully financed via bank facilities. Hexagon intends to pursue a rights issue corresponding to 850 MUSD as soon as practically possible following completion of the acquisition.
Intergraph fulfils all prerequisites that Hexagon has set for software driven expansion. The combination of Hexagon’s leadership in solutions that capture rich geospatial data using aerial and ground based point cloud sensor technology, with Intergraph’s leadership in GIS and CAD application software, will enable the enlarged Hexagon Group to develop and provide unrivalled integrated solutions to clients.
Following the acquisitions of Brown & Sharpe in 2001, Leica Geosystems in 2005 and NovAtel in 2007, Intergraph is the natural next step due to its global software capabilities. With the integration of Intergraph, Hexagon will cover all aspects of the measurement technology market from capturing three dimensional data from ground, air and space, processing data to creating, managing and delivering information via GIS and CAD solutions.
“With the acquisition of Intergraph, we are able to seamlessly connect the real world with maps or drawings. By adding Intergraph’s technologies to our product offering, Hexagon will be able to create new exciting solutions that will change the way our customers operate in several industries across the world. We are indeed excited about the future for our Group,” said Ola Rollén, President and CEO of Hexagon AB.
“We are very pleased that Hexagon has selected Intergraph to play a key role in their software expansion strategy”, says R. Halsey Wise, Chairman, President, and CEO of Intergraph. “Hexagon’s commitment to being number one in the market is very much in line with our existing goals. We believe Hexagon’s significant global resources and technologies will allow further investments in our customers, software solutions, people and future.”