HEXAGON STRENGTHENS ITS EUROPEAN MANAGEMENT

HEXAGON STRENGTHENS ITS EUROPEAN MANAGEMENT Mr Per Holmberg is assuming a newly established position as President of Hexagon Metrology Europe including its subsidiaries DEA and Mirai in Italy, Leitz in Germany and C E Johansson in Sweden Mr Holmberg is 44 years old and has spent most of his working life with the Electrolux Group. He has worked in various senior positions in the USA, Germany, Italy and the Far East. Hexagon Metrology is the world leader within the metrology industry and the future growth potential is strong. The new European organisation creates opportunities for increased customer focus during a though period in the European market. It will generate an even stronger growth potential for the Business Area. For further information, please contact: Ola Rollén, President and CEO Hexagon AB Phone: +46 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/2004/01/29/20040129BIT00420/wkr0001.pdf