NACKA STRAND, Sweden--(BUSINESS WIRE)--Regulatory News:
Hexagon (STO:HEXAB), a leading global provider of design, measurement and visualisation technologies, has signed an agreement to acquire SAFEmine, a leader in the field of safety solutions for mining operations.
Headquartered in Baar, Switzerland, SAFEmine provides comprehensive traffic safety solutions for vehicles operating in open-pit mines. Built around a compact collision avoidance system, SAFEmine’s technology increases situational awareness and reduces accidents by actively alerting the vehicle operator to imminent threats. The product line includes collision avoidance, driver fatigue monitoring, advanced tracking radar and vehicle information systems. SAFEmine has a global presence, with subsidiaries and local partners around the world and products in use in more than 45 mines worldwide.
“This acquisition is significant for our customers in mining and other sectors that are increasing the use of technologies in order to operate with the highest amount of efficiency while also improving safety conditions,” said Hexagon President and CEO Ola Rollén. “SAFEmine’s strong presence and technology leadership not only open doors to cross-sell complementary Hexagon offerings to the same market, but create integration opportunities across multiple businesses within Hexagon.”
SAFEmine will be fully consolidated as of today. The acquisition has no significant impact on Hexagon's earnings. The company's turnover for 2013 amounted to approximately 13 million EUR.
Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design, measurement and visualisation technologies. Our customers can design, measure and position objects, and process and present data, to stay one step ahead of a changing world. Hexagon’s solutions increase productivity, enhance quality and allow for faster, better operational decisions, saving time, money and resources. Hexagon has more than 14,000 employees in over 40 countries and net sales of about 2,400 MEUR. Our products are used in a broad range of industries including surveying, power and energy, aerospace and defence, construction, safety and security, automotive and manufacturing. Learn more at www.hexagon.com.
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