Hexagon Acquires New River Kinematics, Leading Portable Metrology Software Provider

  Hexagon Acquires New River Kinematics, Leading Portable Metrology Software
  Provider

Business Wire

NACKA STRAND, Sweden -- January 8, 2013

Regulatory News:

Hexagon AB(STO:HEXAB), leading global provider of design, measurement and
visualization solutions, has acquired New River Kinematics (NRK), a US based
engineering company that specializes in 3D analysis software for portable
metrology applications.

Founded in 1994, NRK completely revolutionized coordinate measurement with the
first metrology software to introduce a three dimensional graphic environment
for portable metrology. Today, NRK develops and supports the industry standard
in portable metrology software solutions. SpatialAnalyzer® (SA), their
flagship offering, is used to address a broad spectrum of challenges related
to large scale measurement with portable metrology devices in manufacturing
plants around the world.

“When it comes to industries like aerospace and shipbuilding, where parts are
either very large or very expensive, mitigation of continuous rework is an
absolute necessity, NRK‘s software facilitates this,” said Norbert Hanke,
President, Hexagon Metrology. “From single part inspection to highly accurate,
large scale multi-instrument surveys, SA’s advanced analysis capabilities
support large-scale manufacturers who have no other option but to make
components that fit."

NRK offers the only comprehensive solution to connect multiple products from
any supplier. From arms and theodolites to trackers and scanners, SA’s
advanced analysis capabilities combine inputs from any metrology device into a
single platform. This is especially important in large-scale manufacturing
processes, where larger CAD models and more complex data present additional
challenges when it comes to accuracy, and ultimately, productivity.

“Also a strong resource in the field of measurement automation, NRK provides
excellent growth prospects for Hexagon as more and more manufacturers look to
increase efficiencies,” said Hexagon President and CEO Ola Rollén. “Additional
opportunities include leveraging Hexagon’s distribution network and existing
customer base to increase SA’s penetration in international markets and
growing segments like aerospace, and to team up with Intergraph to strengthen
applications in shipbuilding, component fabrication and other large-scale
markets.”

NRK’s founders, Dr. Robert Salerno and Dr. Joseph Calkins, are excited about
the opportunities ahead. “NRK remains fully committed to supporting the entire
spectrum of portable metrology instruments and manufacturers. We are excited
about taking NRK and SA to the next level and will continue to push the
envelope on metrology software in order to help customers meet their
challenges. That is, and will continue to be, one of the key strengths of SA.”

NRK, based in Williamsburg, Virginia, will be fully consolidated as of 1
January 2013 and will immediately contribute to Hexagon's earnings. The
company had a turnover of approximately 13.3 MUSD in 2012.

Hexagon (Nordic exchange: HEXA B) is a leading global provider of design,
measurement and visualisation technologies. Our customers design, measure and
position objects, and process and present data, to stay one step ahead of a
changing world. Hexagon’s technologies increase productivity, enhance quality
and allow for faster, better operational decisions, saving time, money and
resources. Hexagon has over 13 000 employees in more than 40 countries and net
sales of about 2 200 MEUR. Our products are used in a broad range of
industries including surveying, power and energy, aerospace and defence,
safety and security, construction and manufacturing. Learn more at
www.hexagon.com.

This information was brought to you by Cision http://www.cisionwire.com

Contact:

Hexagon AB
Mattias Stenberg, Vice President, Strategy and Communications
+46 8 601 26 27
ir@hexagon.com
or
Hexagon
Kristin Christensen, Vice President, Corporate Communications
+1 404 554 0972
media@hexagon.com
 
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