Hexagon announces one-off items in the fourth quarter 2020 related to acquisitions
Hexagon AB, a global leader in sensor, software and autonomous solutions, has recently closed several acquisitions including the previously announced D.P. Technology, PAS Global and OxBlue. The closing of the acquisitions will impact the income statement during the fourth quarter 2020 with one-off items totalling -34 MEUR. The one-off items relate to the impairment of overlapping technologies, transaction costs and integration costs.
D.P Technology is a leading developer and supplier of computer-aided manufacturing (CAM) technology with forecast sales of approximately 34 MEUR during 2020.
PAS is a leading provider of Operational Technology (OT) integrity solutions with forecast sales of approximately 34 MEUR in 2020.
OxBlue is a leading provider of construction visualisation technology with forecast sales of approximately 37 MEUR in 2020.For further information, please contact:
Maria Luthström, Head of Sustainability and Investor Relations, Hexagon AB, +46 8 601 26 27, email@example.com
This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 5 January 2021.
Hexagon is a global leader in sensor, software and autonomous solutions. We are putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications.
Our technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 20,000 employees in 50 countries and net sales of approximately 3.9bn EUR. Learn more at hexagon.com and follow us @HexagonAB.