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Taran March @ Quality Digest

Metrology

Hexagon Acquires CAD Software Specialist Intergraph

Swedish conglomerate now covers all aspects of measurement technology market

Published: Wednesday, July 7, 2010 - 16:01

Swedish measurement firm Hexagon AB entered into an agreement this week to acquire U.S.-based software provider Intergraph Corp. The $2.1 billion purchase is expected to strengthen Hexagon’s position as a global provider of measurement technologies by integrating Intergraph’s CAD and geospatial intelligence software among its offerings. Particularly, the acquisition should boost Hexagon’s usefulness to energy, security, and infrastructure firms.

The acquisition is fully financed through banking facilities, and Hexagon expects to raise $850 million from investors through a rights issue once the acquisition is complete. Completion of the transaction is subject to regulatory approvals, which will take approximately two to three months.

“With the acquisition of Intergraph we are able to seamlessly connect the real world with maps or drawings,” says Ola Rollén, president and CEO of Hexagon AB. “By adding Intergraph’s technologies to our product offering, Hexagon will be able to create exciting new solutions that will change the way our customers operate.”

Following the acquisitions of Brown & Sharpe in 2001, Leica Geosystems in 2005, and NovAtel in 2007, Hexagon’s latest purchase puts it on course to cover all aspects of the measurement technology market, from capturing 3-D data from ground, air, and space, to creating, managing, and delivering information via geospatial intelligence software (GIS) and CAD solutions.

Founded in 1969, Intergraph provides CAD systems and GIS that enable customers to visualize and manage complex data. Businesses, governments, and security organizations in more than 60 countries rely on Intergraph’s industry-specific software solutions to organize vast amounts of data into understandable visual representations and actionable intelligence. Intergraph operates through two divisions—Process, Power & Marine (PP&M); and Security, Government & Infrastructure (SG&I). In 2009, the company’s sales amounted to $770 million. It is headquartered in Huntsville, Alabama, and employs approximately 4,000 people in 34 countries.

“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.”

On July 7 Rollén gave a conference presentation concerning the acquisition, which is available to view on-demand as a webcast from Hexagon’s website. For more information about Intergraph, visit the company’s website at www.intergraph.com.

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Taran March @ Quality Digest’s picture

Taran March @ Quality Digest

Taran March is a retired editor for Quality Digest. A 35-year veteran of publishing, she has written and edited for newspapers, magazines, book publishers, and universities.