Asian Surveying & Mapping
Breaking News
Australian spacetech companies partner to deliver the world’s first on-demand satellite imaging platform.
Over the course of several decades, satellite imagery has...
Singapore boosts geospatial property collaboration
The Singapore Land Authority (SLA) has signed memoranda of...
Esri India partners with AGNIi (Invest India) to roll-out ‘GeoInnovation’
Empowering start-ups to build location Intelligence and facilitate wider...
‘ISRO gearing up for multiple space missions in 2022’
After a rather muted 2021 in terms of satellite...
Australian company develops system for real time mapping of wildfires
At Wildfire Today we have often advocated for what...
Israel awards nearly $6 million in grants to space tech startups
From growing super-vegetables in space to taking high-resolution images...
Modi Govt’s ‘Urban Geospatial Data Stories Challenge’ To Promote Innovation Begins
The Union Housing and Urban Affairs Ministry said that...
Ethiopian Government to Merge the Ethiopian Space Science and Technology Institute and Ethiopian Geospatial Information Institute
In November 2021, the Ethiopian House of People’s Representatives...
Iran Slaps Down US ‘Concerns’ Over Space Programme After Satellite Launch
Iran launched a rocket carrying three satellites into space...
Russia and China Ink Cooperative Deal on Respective GNSSs
Russian space agency Roscosmos and the Chinese Satellite Navigation...

January 22nd, 2013
Hexagon to Acquire Russia’s NAVGEOCOM

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 our presence in Russia and Central Asia. Furthermore, Russia is entering into a phase of significant investment in transport infrastructure,” said Hexagon AB President and CEO Ola Rollén. “In addition to Russian highways, it includes significantly increasing the size of Moscow and surrounding its perimeter with a motorway, an expressway and high-speed rail system between Moscow and St. Petersburg, and an international transport passage programme between Europe and West China. Coupled with the acquisition, these projects provide substantial growth opportunities across Hexagon and improve our ability to serve customers in the Russian Federation.”

The transaction is subject to regulatory approval and customary closing conditions. The transaction is expected to close as of end of February 2013 and will contribute to Hexagon’s earnings. Excluding intercompany revenue, the company’s turnover for 2012 amounted to approximately 10 MEUR. 

Hexagon (NASDAQ OMX Stockholm: 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.