Hexagon AB’s interim report for 1 January 2014 to 31 March 2014 revealed that net sales had increased by 1% to €594.8m. Net sales in the core Measurement Technologies business increased by 5%.
President and CEO Ola Rollén said: “Our business reported an organic growth of 5% in the first quarter, driven primarily by Geosystems, Intergraph PP&M and Metrology. From a regional perspective, we saw continued growth in Europe, although construction and automotive were muted compared to Q4. Growth slowed somewhat in North America, where harsh weather conditions negatively impacted our construction business. Growth accelerated in Asia where all our businesses experienced increased demand.”
He added that Hexagon AB has also made significant progress on acquisition-driven growth. Recent deals included a 97.7% share in offshore positioning specialist Veripos as well as the acquisitions of multicopter-manufacturer Aibotix, mining industry companies SAFEmine and Mintec, and precision agriculture company Arvus.Together with the divestment of SwePart, these changes are in line with Hexagon’s strategy of concentrating all its resources on its core Measurement Technologies business.www.hexagon.com