Hexagon Acquires iLab

Regulatory News:

Hexagon (STO:HEXAB)

Hexagon AB, a leading global provider of design, measurement and visualisation technologies, announced today the acquisition of iLab Sistemas, a leading provider of planning and optimisation solutions for the agro-business sector, with special focus in the sugar and ethanol industries. ILab will, together with Arvus and Leica Agriculture, form the backbone of Hexagon’s Smart Agriculture Solution.

Headquartered in Ribeirão Preto, Brazil, iLab takes advantage of extensive know-how and various techniques to deploy highly-parameterised solutions that address complex problems related to agricultural processes and production. They include linear programming, operations research, genetic algorithms, constraint-based programming, neural networks, statistics and advanced mathematics. ILab’s offerings include software optimisation tools for every stage of crop growth – from planting, harvesting and logistics planning to area and asset management, scenario comparisons, and cost and budget forecasting – permitting value-added decision analysis and process automation.

"Together with its established software suite of end-to-end planning optimisation solutions for sugarcane mills, iLab’s strong market footprint in the sugarcane industry will support the further development of the Smart Agriculture solution from Hexagon Solutions,” said Hexagon President and CEO Ola Rollén. "Additionally, iLab’s offerings complement the product portfolios of Hexagon brands Leica Geosystems, Sisgraph and Devex in areas such as fleet management, precision agriculture, automation platforms and control room technologies.”

ILab will be fully consolidated as of today. The acquisition has no significant impact on Hexagon's earnings.

Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design, measurement and visualisation 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 more than 14,000 employees in over 40 countries and net sales of about 2,400 MEUR. Our products are used in a broad range of industries including surveying, power and energy, aerospace and defence, construction, safety and security, automotive and manufacturing. Learn more at www.hexagon.com.

This information was brought to you by Cision http://news.cision.com