Hexagon AB, the world’s biggest maker of measuring instruments, agreed to buy U.S.-based Intergraph Corp. for $2.13 billion to add software that helps companies visualize complex data and design factories, ships and oilrigs.
The purchase is fully financed through bank facilities, Stockholm-based Hexagon said in a statement today, adding that it will seek to raise $850 million from a share sale to existing investors once the transaction has been completed.
Buying Huntsville, Alabama-based Intergraph will boost Hexagon’s workforce by more than 50 percent, adding 4,000 employees in 34 countries. The deal follows the purchase of Brown & Sharpe, Leica Geosystems and NovAtel in the past decade.
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The purchase is fully financed through bank facilities, Stockholm-based Hexagon said in a statement today, adding that it will seek to raise $850 million from a share sale to existing investors once the transaction has been completed.
Buying Huntsville, Alabama-based Intergraph will boost Hexagon’s workforce by more than 50 percent, adding 4,000 employees in 34 countries. The deal follows the purchase of Brown & Sharpe, Leica Geosystems and NovAtel in the past decade.
Read Full Story.............