(Hexagon Metrology: North Kingstown, RI) -- On July 6, 2010, Hexagon AB entered into an agreement to acquire the U.S.-based software provider Intergraph Corp. The completion of the transaction was subject to certain conditions, including clearance from the relevant competent competition authorities and Committee on Foreign Investment in the United States (CFIUS). All approvals have now been obtained and other conditions reviewed. The acquisition is expected to be completed on Thursday, Oct. 28. Hexagon will pay a cash purchase price of $2.125 billion for Intergraph on a cash and debt-free basis.
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Intergraph is a global provider of enterprise engineering software and geospatially powered solutions that enables customers to visualize and manage complex data. Intergraph fulfills all prerequisites that Hexagon has set for its software-driven expansion. Intergraph is headquartered in Huntsville, Alabama, and employs approximately 4,000 people in 34 countries.
Hexagon’s ability to provide solutions that capture rich geospatial data using aerial and ground-based, point-cloud sensor technology, combined with Intergraph’s leadership in engineering and geospatial software, will enable the Hexagon Group to develop and provide unrivalled integrated solutions to clients.
“With Intergraph’s technology, Hexagon can add a market-leading software platform to its offering,” says Ola Rollén, president and CEO of Hexagon AB. “When combined with our global resources and competences, the opportunities for creating new client solutions is virtually limitless. I am enthusiastic about finally being able to kick off the integration process and very much look forward to working together with our new colleagues at Intergraph.”
Intergraph will be a fully owned subsidiary of Hexagon and will operate as a separate application area under the Intergraph name and branding. As previously communicated, Rollén will assume the role of CEO of Intergraph, in accordance with the Hexagon model for successful integration into the Hexagon Group. The two Intergraph divisions, Process, Power & Marine (PP&M) and Security Government & Infrastructure (SG&I), will continue to operate under the leadership of Gerhard Sallinger and John Graham, respectively.
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