Hexagon has acquired all shares in the Brazilian software and services
provider SISGRAPH. SISGRAPH has been providing custom made Intergraph
solutions to Latin America since 1980. SISGRAPH provides sales,
consulting, implementation and training services for all Intergraph
products in Latin America. SISGRAPH's technical team of more than 100
engineers and specialists has deep knowledge of Intergraph products, its
applications and the markets to which they are destined. The company has
long-term relationship with the major companies in the process and power
segment in the area as well as with several local government agencies.
Excluding inter-company sales, SISGRAPH's turnover in 2010 amounted to
approximately 11 MEUR. The company has shown solid growth over the last
years and strong profitability.
"The purpose of this acquisition is twofold. It will strengthen our
presence in the fast growing South American market and it will give us
full access to the competence, customer relations, service capability
and proprietary technology of SISGRAPH. We believe South America in
general and Brazil in particular has very interesting growth prospects
for the years to come. For our Power, Process and Marine business we see
many opportunities related to the exploration and production of Brazil's
massive offshore oil reserves and in our Security, Governments and
Infrastructure business we have for example many interesting leads
related to the 2014 World Cup and the 2016 Olympics", says Ola Rollén,
CEO and President of Hexagon AB.
SISGRAPH will be fully consolidated as of today and will immediately
contribute to Hexagon's earnings.
For further information please contact: Mattias Stenberg, Vice president
Strategy & Communications, Hexagon AB, 46 8 601 26 27,