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Global expansion for Hexagon metrology activities
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24/05/2007
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Sweden headquartered Hexagon has entered into an agreement to acquire all assets of Transmetal, the leading distributor of metrology products in Turkey.
Transmetal has a turnover of about SEK40 million (£2.95 million) and has in recent years shown a consistent growth. The company is headquartered in Ankara, Turkey and employs 15 people.
Hexagon Metrology Turkey will immediately start to supply and distribute the Hexagon Group product portfolio within the micro segment of the measurement technologies market, in the continuously expanding Turkish market.
"The acquisition of Transmetal is a vital piece in Hexagon's commitment to global expansion. The acquisition is a further step in the Hexagon growth strategy to follow our customers' industrial geographical expansion by being locally present with our whole range of metrology products, software and services", said Ola Rollén, CEO and president of Hexagon AB.
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Author
Andrew Allcock
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