360° Coverage : Hexagon Geosystems Signs Agreement to Acquire Devex

Hexagon Geosystems Signs Agreement to Acquire Devex

Hexagon Geosystems will strengthen its market position and technology in the mining industry by complementing its well established Leica Geosystems Mining business with the acquisition of Devex. Devex, based in Belo Horizonte, Brazil has a leading market position in the South American market, serving the mining industry with automation solutions for mining operators.

Oct 18 2013, 5:56am CDT | by PR.com

Hexagon Geosystems Signs Agreement to Acquire Devex
Photo Credit: PR.com

Brisbane, Australia, October 18, 2013 --(PR.com)-- Devex and Leica Geosystems Mining will both carry on as separate businesses to serve their customers in the mining market. CEO and co-founder Guilherme Bastos will continue to lead Devex and CEO Haydn Roberts will continue to lead Leica Geosystems Mining.

The acquisition of Devex not only advances Hexagon Geosystems' expansion into South America but the mining industry as a whole. This strong strategic commitment creates opportunities for both Devex and Leica Geosystems Mining to cross-sell complementary Hexagon Geosystems technologies and expands the market with advanced life of mine solutions. Additionally it enables both companies to exploit product integration opportunities to better serve the automation needs of mining industry.

"Hexagon's customers in mining and other sectors are increasing the utilisation of automation technologies in order to deliver higher efficiencies at lower costs," said Hexagon President and CEO Ola Rollén. "Devex's strong presence and technology leadership not only opens doors to cross-sell complementary Hexagon offerings to the same market but also exploit product integration opportunities to better serve the automation needs of additional segments, like agriculture and construction."

Hexagon is a leading global provider of design, measurement and visualization 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 over 12 000 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 defense, safety and security, construction and manufacturing. Learn more at http://www.hexagon.com.

Leica Geosystems – when it has to be right
With close to 200 years of experience pioneering solutions to measure the world, Leica Geosystems products and services are trusted by professionals worldwide to help them capture, analyze, and present spatial information. Leica Geosystems is best known for its broad array of products that capture accurately, model quickly, analyze easily, and visualize and present spatial information.

Those who use Leica Geosystems products every day trust them for their dependability, the value they deliver, and the superior customer support. Based in Heerbrugg, Switzerland, Leica Geosystems is a global company with tens of thousands of customers supported by more than 3,500 employees in 28 countries and hundreds of partners located in more than 120 countries around the world. Leica Geosystems is part of Hexagon, Sweden. Learn more at http://www.leica-geosystems.com.

Leica Geosystems Mining is a division of Leica Geosystems. Learn more at www.leica-geosystems.com/mining.

Contact Information:
Leica Geosystems Mining
Stefana Vella
Contact via Email

Read the full story here: http://www.pr.com/press-release/522378

Press Release Distributed by PR.com

Source: PR.com


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