BRIEF-Hexagon to push for reseller deal with Topcon if Veripos buy goes through

STOCKHOLM Thu Jan 23, 2014 2:34am EST

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STOCKHOLM Jan 23 (Reuters) - Hexagon : * Enters into a memorandum of understanding with topcon related to veripos * Hexagon to arrange a customer agreement between Topcon and Veripos on standard commercial terms (the "TerraStar Agreement"), under which Topcon will act as a reseller of the satellite broadcast correction signal offered by Veripos * Under the MoU, Hexagon and Topcon will establish a separate joint venture for the purposes of pursuing joint efforts and cooperation in relation to the future development and direction of the services provided under the TerraStar Agreement * Topcon has under the MoU committed to not independently or jointly with other group companies or third parties make a public offer for or otherwise acquire shares in Veripos

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