Hexagon Acquires MicroSurvey Software Inc.
January 24, 2012
COBHAM, UK -- Hexagon has entered into an agreement to acquire all outstanding shares of MicroSurvey Software Inc. (Kelowna, British Columbia), a developer of surveying and mapping software for the land surveying, construction and forensic markets.
MicroSurvey staffs 30 people and provides global software solutions.
“The acquisition of MicroSurvey notably expands Hexagon’s product offerings and software development capabilities for several of our key markets, including land surveying, construction, and public safety,” says Ola Rollen, CEO and president of Hexagon AB. “Additionally, both MicroSurvey’s software products and Hexagon’s instrument products enjoy strong leadership positions in these markets. The ability to offer such comprehensive, market-leading, and innovative solutions will undoubtedly benefit both current and future customers of Hexagon.”
Excluding intercompany sales, MicroSurvey’s turnover in 2010 amounted to approximately 2 million euro ($2.6 million).