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Hexagon AB (HEXAb.ST)

HEXAb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hexagon to invest 90 mln euro in new factory at Hongdao, China
Wednesday, 14 Jun 2017 02:03pm EDT 

June 14 (Reuters) - Hexagon ::Hexagon to invest 90 meur in new smart factory.Hexagon says plans today to invest approximately 90 million eur in a new 52,000-square-metre, production facility in Hongdao, China.New site, which primarily will produce metrology systems for mi division.Hexagon says completion for the factory targeted for 2020.  Full Article

Hexagon comments on media report it is up for sale
Wednesday, 14 Jun 2017 02:47am EDT 

June 14 (Reuters) - Hexagon ::Says has noted recent speculation in media regarding a potential acquisition of company.Says regularly evaluates various opportunities to optimize company's positioning and shareholder value.Says should these evaluations lead to concrete results, market will be immediately informed..For a full story double click on: nL8N1JA5Z7.  Full Article

Hexagon holds early-stage talks with rivals on possible sale - WSJ
Tuesday, 13 Jun 2017 04:09pm EDT 

June 13 (Reuters) - :Hexagon holds early-stage talks with rivals on possible sale - WSJ, citing sources.  Full Article

Hexagon PPM says to buy DST Computer Services
Tuesday, 13 Jun 2017 09:00am EDT 

STOCKHOLM, June 13 (Reuters) - Hexagon :* Says Hexagon PPM acquires DST Computer Services S.A., developer of piping stress analysis solutions for the nuclear industry.  Full Article

Hexagon says acquire Atlanta based Catavolt
Tuesday, 9 May 2017 09:00am EDT 

May 9 (Reuters) - Hexagon AB :Says furthers its Smart X strategy with the acquisition of Catavolt, a US-based mobile app platform provider.Says Catavolt, founded in 2009 with headquarters in Atlanta, GA, offers an end-to-end platform for mobile application development and delivery, secure cloud orchestration and edge computing (real-time).  Full Article

Hexagon CEO says believes PPM division will return to growth in H2
Tuesday, 2 May 2017 08:02am EDT 

May 2 (Reuters) - Hexagon CEO Ola Rollen in news agency conference call after Q1 results:Hexagon CEO says believes PPM division will return to growth in H2.PPM, which has high exposure to the oil industry, posted an 11 pct organic sales drop in Q1.  Full Article

Hexagon proposes Gun Nilsson new chairwoman
Monday, 6 Feb 2017 02:05am EST 

Hexagon : Says nomination committee proposes Gun Nilsson as new chairman and Hans Vestberg as vice chairman . Also proposes election of John Brandon, Henrik Henriksson, Sofia Schorling Hogberg and Marta Schorling Andreen as new board members .As previously announced, Melker Schorling will leave the Board as of the AGM 2017 due to health reasons.  Full Article

Hexagon Q4 core profit, growth lags forecasts
Monday, 6 Feb 2017 02:05am EST 

Hexagon : Q4 . Net sales increased by 4 per cent to 849.5 MEUR (815.7). Using fixed exchange rates and a comparable group structure (organic growth), net sales increased by 2 per cent . Q4 operating earnings (EBIT1) increased by 6 per cent to 208.7 meur (197.8) . Hexagon says board of directors proposes a dividend of 0.48 eur (0.43) per share, an increase of 12 per cent . Reuters poll: Hexagon Q4 organic sales growth was seen at 3.6 pct, adj EBIT 212 mln euros .Says PPM continued to face challenges in the oil and gas market and we are taking actions to enable future growth and reduce costs..  Full Article

Hexagon launches cost savings programme
Monday, 6 Feb 2017 01:59am EST 

Hexagon : Hexagon to launch a cost savings programme . Programme will affect approximately 480 employees . Syas expected to drive cash cost savings of approximately 24 MEUR in 2017 and 43 MEUR per annum as of 2018 when fully implemented . Q4 cash flow impact of programme amounts to approximately -34 MEUR. .Q4 restructuring costs will be reported as non-recurring items (NRI) in q1 2017..  Full Article

Hexagon says to buy U.S-based MSC Software in $834 mln deal
Thursday, 2 Feb 2017 02:05am EST 

Hexagon : Hexagon enters into agreement to acquire MSC Software, a leading provider of CAE (simulation) software . Says purchase price of 834 MUSD on a cash and debt free basis (enterprise value) . Says in 2016 MSC generated proforma sales of 230 MUSD, with strong profitability and a high percentage of recurring revenue . Says transaction will be fully financed via bank facilities and hexagon's net debt to EBITDA target of 2.5 will not be exceeded . The acquisition will further strengthen Hexagon's smart connected factory strategy to deliver enterprise solutions within manufacturing verticals . MSC is headquartered in Newport Beach, CA, United States, and has over 1,200 staff .Completion of the transaction (closing) is subject to regulatory approvals and other customary conditions which is expected in April.  Full Article

Hexagon Q2 core profit matches forecast

STOCKHOLM, July 27 Measurement technology and software firm Hexagon reported second-quarter core earnings in line with market forecasts on Thursday, and said it expected growth to pick up in the second half of the year.