CHICAGO—Hexagon has in the purchase price allocation analysis performed following the acquisition of Veripos identified overlapping technologies and assets between Hexagon and Veripos. This will lead to a write-down which in combination with transaction costs (financial and legal advice) will impact Hexagon's earnings for the first quarter 2014.
The write-down relates to overlapping technology between Veripos' TerraStar positioning business and the existing network positioning business within Hexagon. The write-down also relates to obsolete GNSS technology within Veripos, which in the future will use NovAtel GNSS receivers instead of using an external supplier.