Hexagon announces completion of Thermopylae Sciences and Technology acquisition and related one-off items in first quarter 2019
Hexagon AB, a global leader in digital solutions, today announces the completion of the previously announced acquisition of Thermopylae Sciences and Technology. The income statement during the first quarter 2019 will be impacted by one-off items of -9.7 MEUR, related to impairment of overlapping technologies, transaction costs and integration costs.
Thermopylae is a Virginia, USA-based software provider serving both the U.S. government and private sector markets with geospatial applications, mobile frameworks and cloud computing for enhanced location intelligence. Collectively, Thermopylae’s technologies, coupled with Hexagon’s other geospatial offerings, provide location intelligence solutions to solve critical, real-world challenges at the tactical edge.
Thermopylae will operate as a part of Hexagon US Federal, a company operating under a proxy agreement within Hexagon’s Geospatial division (which is reported under the Geospatial Enterprise Solutions segment). 2018 sales amounted to 48 MUSD.
For further information, please contact:
Daniel Johansson, Investor Relations, Hexagon AB, +46 8 601 26 27, email@example.com
Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554 0972, firstname.lastname@example.org
Hexagon is a global leader in digital solutions that create Autonomous Connected Ecosystems (ACE), a state where data is connected seamlessly through the convergence of the physical world with the digital, and intelligence is built-in to all processes.
Hexagon’s industry-specific solutions leverage domain expertise in sensor technologies, software, and data orchestration to create Smart Digital Realities™ that improve productivity and quality across manufacturing, infrastructure, safety and mobility applications.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 20,000 employees in 50 countries and net sales of approximately 3.8bn EUR. Learn more at hexagon.com and follow us @HexagonAB.