Hexagon acquires a prestigious order

HEXAGON ACQUIRES A PRESTIGIOUS ORDER Tidamek AB, a company within Hexagon Engineering, has, with keen competition from the giants within the international heavy vehicle industry, managed to acquire a prestigious order. The total order value is in the range of 300 to 350 MSEK with a duration of 7-8 years. Tidamek has developed and patented a "steering adjustment" that regulates the steering-wheel settings in a heavy truck. A leading manufacturer of heavy trucks, is the first company to order this new product. "Our invention is the most important component" says Bengt-Tore Allert, President at Tidamek AB, and continues "This invention is an important part of the steering column and will save many lives. In a collision this new product changes the angle of the steering-wheel and saves the driver from obtaining severe injuries." "This order is a break through for the Swedish subcontractors and proofs that the Swedish industry keeps up with the international competition when the technical content is at a high level", says Torbjörn Wistrand, President, Hexagon Engineering. For further information, please contact: Bengt-Tore Allert, President Torbjörn Wistrand,President Tidamek AB Hexagon Engineering Phone: +46-(0)502-166 00 Phone: +46-(0)8-601 26 20 Hexagon AB is a multinational engineering group with the long-term ambition of positioning itself as number one or number two within its strategies sector. The operation is divided into four business areas: Hexagon Automation, Hexagon Engineering, Hexagon Wireless and Hexagon Metrology. The group's targets are to increase earnings per share after tax by at least 15 per cent p.a., and achieve a return on capital employed higher than 15 per cent over the business cycle. Current turnover amounts to more than 7 SEK billion p.a. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/14/20011214BIT00190/bit0002.doc http://www.waymaker.net/bitonline/2001/12/14/20011214BIT00190/bit0002.pdf

About Us

Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications. Hexagon’s solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries. Hexagon (Nasdaq Stockholm: HEXA B) has more than 15,000 employees in 46 countries and net sales of approximately 2.6bn EUR. Learn more at www.hexagon.com.

Subscribe