Hexagon Acquires Germany's Messtechnik Wetzlar
 NORTH
KINGSTOWN, RI, June 26, 2008 - Hexagon AB announced today it has
acquired all outstanding shares in the German company Messtechnik Wetzlar
GmbH (www.mtwz.de). MTWZ is a leading
developer and provider of QUINDOS software solutions for quality control of
complex mechanical parts such as gears and turbine blades. MTWZ is also a
solutions provider for turnkey projects around material handling metrology
solutions. The company will be integrated into Hexagon Metrology, the
world’s largest industrial measurement group, incorporating industry leading
brands Brown & Sharpe, Cognitens, DEA, Leitz, Leica Geosystems, Sheffield,
ROMER, PC-DMIS and TESA.
Excluding intercompany sales, MTWZ will add approximately $3.3 million
USD to Hexagon annual sales. The company has experienced healthy growth in
recent years, and employs 34 people. MTWZ will be fully consolidated into
Hexagon Metrology as of July 1, 2008 and will immediately contribute to
Hexagon's earnings.
MTWZ's QUINDOS metrology software is used with high-end coordinate
measuring machines such as the Leitz PMM series. The solution is used to
inspect and measure the complex geometry of gears, power train components,
and turbine blades utilized by industries such as aerospace, automotive,
power generation including wind power, and heavy engineering.
"The acquisition of MTWZ shows our commitment to the high-end segment of
software tools in the quality control of prismatic parts. MTWZ's software
package QUINDOS7 complements the Hexagon software package PC-DMIS, and thus
our software offering in this area", says Ola Rollen, CEO and President of
Hexagon AB.
About Hexagon Metrology
Hexagon Metrology serves the high precision measurement and inspection
needs of worldwide manufacturers with its extensive line of metrology
hardware, software, accessories, and customer services. The company's
name-brand portfolio of quality assurance products include Brown & Sharpe,
Leica Geosystems, ROMER, Sheffield, PC-DMIS, DEA, Leitz, and TESA. Hexagon
Metrology has an unrivaled installed base of more than 1.5 million handheld,
stationary and portable measurement devices, and over 30,000 seats of
PC-DMIS metrology software.
The company is a subsidiary of Hexagon Measurement Technologies, a
business unit of Hexagon AB (Nacka Strand, Sweden), a publicly-traded
company (Stockholmsborsen: HEXA B). The Hexagon group consists of nearly
8,200 employees located in 30 countries.
For more information visit
www.hexagonmetrology.us
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