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HEXAGON B

Hexagon B Hexagon B

Hexagon B



Company : Hexagon B Compartment : Other
ISIN : SE0000103699 Wire : Business Wire
Document type : Permanent Information Releases / General Company News    
Publication date : 6/13/2016 1:22:00 PM    

Hexagon Acquires NESTIX Oy, a Leading Provider of Data-Centric Software Solutions for Managing and Optimising Steel Fabrication

Regulatory News:

Hexagon AB (STO:HEXAB), a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, today announced the acquisition of NESTIX Oy, a developer of production control solutions for the fabrication of pipes and structures used in heavy industry construction (e.g. skyscrapers, large dams, ships, and offshore facilities).

Founded in 1982 and based in Oulu, Finland, NESTIX has been meeting the needs of major steel service centers, shipyards, offshore yards, pipe fabricators, mechanical engineering companies and the steel construction industry for more than 30 years. Its software portfolio is used to control manufacturing and assembly in order to improve production, optimise machine and personnel utilisation, and minimise material waste – while improving the quality of the fabricated parts.

NESTIX has a direct sales presence in the Nordic region, a strong partner network, and a skilled and experienced staff with in-depth fabrication and manufacturing knowledge. With over 500 customers in 40 countries, and more than 8,000 professionals using its software daily, tens of millions of parts are made using NESTIX software every year.

“NESTIX technology is already a key component of our Intergraph Smart™ Yard offering, which is sold through our Process, Power and Marine (PP&M) business,” said Hexagon President and CEO Ola Rollén. “This acquisition will enable us to integrate the full suite of NESTIX capabilities into our PP&M portfolio, strengthening our position in the industrial fabrication market while offering clients a more comprehensive solution for their pipe and steel production management.”

NESTIX will be fully consolidated as of today. The acquisition has no significant impact on Hexagon's earnings.

Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications. Hexagon's solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries. Hexagon (Nasdaq Stockholm: HEXA B) has more than 16,000 employees in 46 countries and net sales of approximately 3.0bn EUR. Learn more at www.hexagon.com and follow us @HexagonAB.

This information was brought to you by Cision http://news.cision.com

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