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Hexagon to Acquire Mintec, Software Developer and Service Provider for the Mining Industry

Regulatory News:

Hexagon AB (STO:HEXAB), a leading global provider of design, measurement and visualisation technologies, has as of today entered into an agreement to acquire Mintec Inc., a resource modelling, optimisation, mine planning and scheduling software developer for the mining industry.

Headquartered in Tucson, AZ, USA, Mintec has with its 232 employees grown into a global network of mining professionals providing technology, service and support in some of the most complex mining operations around the world. MineSight, the company’s modeling and mine planning brand since 1970, is well-known and respected in the industry.

Mining is becoming a more precise practice, and accurate mine planning and scheduling is at the forefront of this change. Hexagon has been active primarily in the operations domain, but the integration of the planning, scheduling and daily production capabilities of Mintec will enable Hexagon to close the loop and control data flow from design and mine planning through extraction and back into life- of-mine planning, providing a comprehensive flow of data across all mining operations.

“The acquisition of planning and scheduling software strengthens our mining solution strategy, providing a platform for comprehensive life-of-mine solutions,” said Hexagon President and CEO Ola Rollén. “The combination of proven technologies from Leica Geosystems, Devex, SAFEmine and now Mintec, in connection with our geospatial product suite and computer-aided dispatch solutions from Intergraph, we have the tools and technologies to leap ahead of the competition, giving Hexagon a unique position in the market.”

The transaction remains subject to customary closing conditions. Closing is expected to be effected no later than June 2014.

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

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