Intergraph Announces Agreement to be Acquired by Hexagon AB
Transaction Valued at Approximately $2.125 Billion
HUNTSVILLE, Ala., July 7, 2010 -- Intergraph Corp., a leading global provider of engineering and geospatial software, today announced it has signed a definitive agreement to be acquired by Hexagon AB, a leading global measurement technology company, in a transaction valued at approximately $2.125 billion.
Upon closing of the transaction, Intergraph will operate as a separate Hexagon division under the Intergraph name and branding. Intergraph will become Hexagon’s core software platform and will continue to provide differentiated and vertically-focused software solutions to its core industries. Intergraph software will also be integrated into Hexagon’s existing measurement and precision technology system markets to provide a visual presentation layer for the management, analysis and sharing of the vast amounts of critical data produced by these products.
“Intergraph remains deeply committed to our customers and markets in which we serve and are pleased to join the Hexagon Group. We believe the significant global resources and technologies of Hexagon will allow us to further invest in our customers, software solutions, people and future,” said R. Halsey Wise, Intergraph chairman, president and CEO. “This transaction is a tribute to the more than 4,000 Intergraph employees worldwide whose determination and dedication to our modern growth mission and to our customers have made our business and operational success possible. It also is an acknowledgement of the success of our multi-year “Now” - “Next” - “After-Next” transformation plan and represents an endorsement of the strength of our future growth opportunities.”
Source: www.intergraph.com
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