October 18, 2013 - Assignment

Hexagon acquires Devex

Measurement technology group Hexagon has agreed to acquire Devex, a leading player in the field of automation solutions for mining operations.

Devex is a Brazilian company with leading mine-management software solutions for open-pit and underground mines. The company’s turnover for 2012 amounted to approximately 35 million Brazilian Real. Hexagon is a leading global provider of integrated design, measurement and visualisation technologies. Hexagon has close to 14 000 employees in more than 40 countries and net sales of about EUR 2.4 billion. The company’s B share is listed on NASDAQ OMX Stockholm.

Hexagon is being advised by Mannheimer Swartling on the transaction, with the São Paulo office of Lobo & de Rizzo acting as local counsel.