Hexagon Acquires Intergraph for $2.125 Billion US

On 6 July 2010, Hexagon AB entered into an agreement to acquire US-based software provider Intergraph Corporation for a cash purchase price of 2 125 MUSD on a cash and debt free basis. The acquisition will further strengthen Hexagon's position as a world leading measurement technology Group. Significant synergies are expected to arise from the transaction. The acquisition is fully financed via bank facilities. Hexagon intends to pursue a rights issue corresponding to 850 MUSD as soon as practically possible following completion of the acquisition.

Founded in 1969, Intergraph is a leading global provider of enterprise engineering (CAD) and geospatial intelligence software (GIS) that enables customers to visualize and manage complex data. Businesses, governments and security organizations in more than 60 countries rely on Intergraph's industry-specific software solutions to organize vast amounts of data into understandable visual representations and actionable intelligence. Operating through two divisions, Process, Power & Marine (PP&M) and Security, Government & Infrastructure (SG&I), Intergraph's solutions empower customers to design, build and operate more efficient plants, ships and offshore facilities, create intelligent maps, protect critical infrastructure and provide security for hundreds of millions of people around the world.

In recent years, Intergraph has consistently shown strong and resilient financial results. In 2009, sales amounted to 770 MUSD and EBITDA to 189 MUSD. The company is expected to report sales of approximately 830-840 MUSD and EBITDA of approximately 200-210 MUSD in 2010. Driven by global growth trends in key end-markets, particularly energy consumption and the need for security and infrastructure development, Intergraph is expected to continue to deliver significant growth in coming years. Intergraph is headquartered in Huntsville, Alabama, USA, and employs approximately 4,000 people in 34 countries.

Intergraph fulfils all prerequisites that Hexagon has set for software driven expansion. The combination of Hexagon's leadership in solutions that capture rich geospatial data using aerial and ground based point cloud sensor technology, with Intergraph's leadership in GIS and CAD application software, will enable the enlarged Hexagon Group to develop and provide unrivalled integrated solutions to clients.

Further information available at: http://www.hexagon.se/1485.asp