Hexagon to Acquire Russia’s NAVGEOCOM
Hexagon has entered into a definitive agreement to acquire all outstanding shares in Russia-based Navgeocom. The company is the largest distributor for Leica Geosystems, a Hexagon brand, in the Russian Federation. Founded in 1997, Navgeocom has grown into one of the top-tier distributors of surveying and mapping products in Russia. The acquisition marks another step in Hexagon's global distribution strategy, which aims to establish a strong direct presence in all key markets. " Strategically, the acquisition of Navgeocom is a great fit for Hexagon and yet another step toward expanding