Hexagon AB to acquire US based software company for the heavy civil construction industry

STOCKHOLM, 19-Mar-2018 — /EuropaWire/ — Hexagon AB, a leading global provider of information technology solutions, announced today the acquisition of AGTEK, a leading US based software company specialising in planning and productivity solutions for the heavy civil construction industry.

With headquarters in Livermore, California, AGTEK is the pioneer of 3D takeoff (cost estimation) software for civil construction and the developer of the widely used Earthwork 4D, a complete takeoff, modelling, and production tracking solution for civil contractors. AGTEK’s products are aimed at streamlining the contractor’s workflow for estimating and project management, using an Internet-enabled graphical toolset that is shareable between office and field. They provide the ability to integrate innovative machine control and positioning solutions with intuitive software that enables fast and accurate quantity takeoffs, 3D models, production plans, and machine tracking analysis. This provides construction companies with a unified approach for optimising plans, controlling grade, and monitoring performance to maximise productivity.

“This acquisition gives construction contractors comprehensive field to enterprise solutions for construction management. AGTEK’s track record for developing ground-breaking, easy-to-use products make them an important addition to Hexagon’s Heavy Construction technologies portfolio,” said Hexagon President and CEO Ola Rollén. “As we move towards a more connected world, civil construction projects will become increasingly digital, with a focus on intelligent workflows, asset management, and collaboration. The AGTEK acquisition reflects Hexagon’s commitment to integrate intuitive 3D control solutions that minimise learning curves and implementation costs for results-oriented construction professionals. Ultimately, AGTEK’s solutions will also bring value to our enterprise construction management software solution, HxGN SMART Build, designed to alleviate cost overruns and delays.”

AGTEK will be fully consolidated as of today. The acquisition has no significant impact on Hexagon’s earnings.

For further information, please contact:
Maria Luthström, Investor Relations Manager, Hexagon AB, +46 8 601 26 27, ir@hexagon.com
Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554 0972, media@hexagon.com

Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications.

Hexagon’s solutions integrate sensors, software, domain knowledge, and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries.

Hexagon (Nasdaq Stockholm: HEXA B) has more than 18,000 employees in 50 countries and net sales of approximately 3.5bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

SOURCE: HEXAGON