Hexagon Strengthens its Distribution in North America
October 2, 2009
STOCKHOLM - Hexagon has entered into an agreement to acquire the Spatial Systems division of the American company Loyola Enterprises Inc.
Loyola’s Spatial Systems division, headquartered in Richmond, VA, is a leading distributor and service provider for surveying equipment in the states of Virginia, West Virginia, Maryland and Washington DC. The division also operates its own GPS reference station network RTK-NetTM, providing high-precision differential correction services to a wide range of users and applications.
The Spatial Systems division of Loyola will be fully consolidated as of 1 October 2009, and will immediately contribute to Hexagon’s earnings.
Hexagon AB is a global measurement technologies company with strong market positions. Hexagon's mission is to develop and market leading technologies and services to measure in one, two or three dimensions, to position and update objects and to time processes. The group has about 8,000 employees in 35 countries.