Hexagon acquires Norway's biggest temperature measurement co

Through its subsidiary, Gustaf Fagerberg Holding AB, Hexagon has acquired Teck Instrument AS in Tranby, Norway. As a result of this acquisition of Teck Instrument, Gustaf Fagerberg has become the largest company within the Nordic region in the field of temperature measurement for industrial applications. This means that together with the Swedish company, Pentronic, the annual turnover within this product area has been calculated to amount to approximately SEK 100 million. Teck Instrument manufactures and imports equipment and instruments for temperature and pressure measurement. Tech has a turnover of SEK 52 million and has 40 employees. Teck is Norway's largest company within the field of temperature measurement and temperature sensors for the industry, and thus nicely complements Pentronic AB which has been within the Gustaf Fagerberg organisation for some time. The acquisition is of strategic importance within the area of temperature measurement and means that Gustaf Fagerberg has now become the largest Nordic company within the field. The product area pressure measurement within Teck, also complement Gustaf Fagerberg, which for many years has been one of the leading company in these areas in the Nordic Countries. As a result of this acquisition, the annual turnover of Gustaf Fagerberg has been estimated to reach just over SEK 600 million. Hexagon is an industrial and trading group whose business mission is to acquire and develop medium sized industrial companies over the long term. The company is listed on the Stockholm Stock Exchange and the turnover in 1997 amounted to SEK 4.2 billion. Landskrona 12 June 1998 HEXAGON AB (publ) Börje Andersson President and CEO For further information, please feel free to contact: Claes Lindkvist, Acquisition and Investor Relations, Hexagon AB, tel. +46 418 44 92 05 Staffan Englund, MD, Gustaf Fagerberg Holding AB, tel. +46 31 69 37 00

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.


Documents & Links