Hexagon streamlines its business in Denmark

HEXAGON STREAMLINES ITS BUSINESS IN DENMARK The by Hexagon wholly-owned danish subsidiary PMC Technology A/S, which is a part of the Hexagon business area Automation, disposes its transmission business to Nomo Kullager AB, a subsidiary of Axel Johnson International AB. The disposal will be concluded on 1st of September. The disposed business has a turnover of approximately 28 DKK million p.a. and employs 12 persons. The disposal is a step in Hexagons strategy of focusing its operations on four business areas. The transaction makes it possible for Hexagon Automation to concentrate its Danish operation into hydraulics components, systems and gears for the wind power industry. In addition to manufacturing and distribution, PMC also develops a concept for aftermarket services within hydraulics. For further information, please contact: Ola Rollén, VD, Hexagon AB Tel: 08 - 601 26 20 Börje Vernet, VD, Hexagon Automation Tel: 042 - 38 15 50 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/2001/06/20/20010620BIT01230/bit0001.doc http://www.waymaker.net/bitonline/2001/06/20/20010620BIT01230/bit0002.pdf

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