Hexagon acquires leading Canadian surveying & mapping software developer, MicroSurvey

Hexagon acquires leading Canadian surveying & mapping software developer,
MicroSurvey

 

Hexagon has entered into an agreement to acquire all outstanding shares of
MicroSurvey Software Inc., a leading Canadian based developer of surveying and
mapping software for the land surveying, construction, and forensic markets.

Headquartered in Kelowna, British Columbia, MicroSurvey currently employs 30
people. With a successful expansion of its footprint in recent years, today the
company provides innovative software solutions to customers around the world.

“The acquisition of MicroSurvey notably expands Hexagon’s product offerings and
software development capabilities for several of our key markets including land
surveying, construction and public safety.” said Ola Rollen, CEO and President
of Hexagon AB. “Additionally, both MicroSurvey’s software products and Hexagon’s
instrument products enjoy strong leadership positions in these markets”. “The
ability to offer such comprehensive, market-leading and innovative solutions
will undoubtedly benefit both current and future customers of Hexagon.”

Excluding inter-company sales, MicroSurvey's turnover in 2010 amounted to
approximately 2 MEUR.

For further information please contact: Mattias Stenberg, Vice president
Strategy & Communications, Hexagon AB, +46 8 601 26 27, ir@hexagon.com