USA, 04 May 2007: Hexagon has entered into an agreement to acquire all the shares of the American company Allen Precision Equipment. Allen Precision is primarily a catalogue company that represents several major suppliers and sells surveying equipment and related equipments.
Allen Precision had a turnover of over 24 MUSD in 2006. The company is based in Duluth, Georgia. “The acquisition of Allen Precision is an important step in the overall NAFTA growth strategy in the core surveying and construction markets. Allen Precisions unique business model complements our current business model of local direct and distributor sales for our customers”, says Ola Rollén, CEO and President of Hexagon AB. Allen Precision will be consolidated as of 1 May 2007 and will immediately contribute to Hexagon’s earnings.
“Allen Precision will operate as a stand-alone company and will continue to operate as a full-service, multi-brand catalogue company. We expect that Allen Precision will continue to be the premier catalogue supplier to NAFTA customers in these key market segments”, says Ola Rollén.
Hexagon AB is a global technology group having market positions within measurement technologies and polymers. For more information about Hexagon visit https://www.hexagon.se/en/
