Hexagon increases its interests in China

HEXAGON INCREASES ITS INTERESTS IN CHINA Hexagon Metrology has agreed to acquire an additional 15 per cent of each of its subsidiaries Qingdao Brown & Sharpe Quinshao Technology Co Ltd and Qingdao Brown & Sharpe Trading Co Ltd. Hexagon will hereby control 90 per cent of the capital in the companies. The remaining 10 per cent is owned by a Chinese state owned company. The acquisition, which is subject to approval by the Chinese Government, will be concluded during the next coming months. The Chinese subsidiaries manufacture and sell metrology machines and service to the Chinese industry, with an especially strong position within the automotive and aerospace industries. In recent years the Chinese business has expanded rapidly and today it represents 10 per cent of the turnover within the business area. The increased ownership is a natural step in Hexagon Metrology's expansion in Asia. For further information, please contact: Ola Rollén, President and CEO Hakan Halen, CFO Hexagon AB Hexagon AB Phone: +46 (0)8 - 601 26 20 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 strategic sectors. The operation is divided into four business areas: Hexagon Automation, Hexagon Engineering, Hexagon Metrology and Hexagon Polymers. 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 GSEK 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/2003/12/02/20031202BIT00630/wkr0001.pdf

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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.


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