Hexagon Acquires Company in Fleet Management Machine Control

Business Wire,  June 23, 2008  

• E-mail
• Print
• Link

STOCKHOLM, Sweden -- Regulatory News:

Hexagon (OTC:HEXN) (STO:HEXAB) has acquired all outstanding shares in the Swedish software company Viewserve AB (www.viewserve.com).

Viewserve is a well-established service and software company offering a web based fleet management system to the construction market. Viewserve's web-based GPS platform facilitates monitoring of vehicles and work activities, and can be used to notify individual consumers about work carried out. Collected information can also be used when investigating accidents and for insurance issues.

Viewserve gives the customer real time and historic information presented geographically and statistically which enables the customer to effectively optimize the utilization of resources and maximize profitability.

Viewserve was founded in 2005 and today employs 12 people. The company is expected to have a turnover of approximately 7 MSEK in 2008 and is expected to continue to grow at double digit rates in the years to come.

Viewserve will be fully consolidated as of 23 June 2008.

Hexagon AB is a global measurement technologies company with strong market positions. Hexagon's mission is to develop and market leading technologies and services to measure in one, two or three dimensions, to position and update objects and to time processes. The group has about 8 000 employees in 35 countries and net sales of about 12 000 MSEK. Read more at www.hexagon.se.

This information was brought to you by Cision http://newsroom.cision.com

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning