Brazil: Hexagon AB has signed an agreement to acquire Arvus, a manufacturer of precision agriculture solutions for site-specific management of the factors affecting crop production. This means different parts of a field can be managed separately, where the application of essential nutrients and various other inputs can be fine-tuned through the use of sensors and GPS technologies.
Headquartered in Florianópolis, Brazil, Arvus’ portfolio includes equipment and software designed for precision farming and forestry industry. The acquisition of Arvus is a strategic step in the further development of the precision agriculture solution from Hexagon Solutions. Strong in the South American sugarcane, forestry and grain markets, Arvus provides Hexagon the channels to expand its agriculture portfolio and footprint. Arvus' offerings complement Hexagon's machine control solutions, providing guidance, real-time fleet management, and field-to-office data analytics applications as well as various hardware and software solution integration opportunities.
The transaction remains subject to customary closing conditions. Closing is expected no later than end of May 2014. The acquisition will have no significant impact on Hexagon's earnings.