The measurement systems measure with great precision and rapidly provide access to large amounts of measurement data.” Hexagon has more than 7,500 employees in 39 countries and net sales of about 12 billion Swedish Krone (roughly $1.5 billion) with a target to grow to 20 billion SEK in fiscal 2011 by organic growth and acquisitions. Hexagon AB is a publicly traded Norwegian company that supplies “systems for measurement of objects in one, two or three dimensions.

It would appear that Hellman & Friedman and TPG did quite well with the deal, earning a 60% premium on their original investment (after perhaps taking profit out during the time of ownership). SG&I had revenue of $400 million in 2007, reached a high of $470 million in 2008 and reported revenue of over $450 million in revenue in 2009. SG&I provides geospatially-enabled solutions to the defense and intelligence, public safety and security, government, transportation, photogrammetry, utilities and communications industries.

In 2009, PP&M had revenue of about $315 million, up from $300 million in 2007 (but reaching a high of $340 million in 2008). PP&M is one of the world’s leading providers of engineering software for the design, construction and operation of plants, ships and offshore facilities. Intergraph operates in two units: Process, Power & Marine (PP&M) and Security, Government & Infrastructure (SG&I). But profitability improved even more, with gross profit growing from 53% to nearly 57% over the same period. Revenue grew from $632 million in 2006 (before the acquisition) to a high of $808 million in 2008, falling back to $770 million last year. Since then, Intergraph has undergone a serious retooling, with increased focus on product development rather than the intellectual property protection litigation that had distracted management.

The transaction was valued at approximately $1.3 billion. Intergraph Corporation today announced it has signed a definitive agreement to be acquired by Hexagon AB in a transaction valued at approximately $2.125 billion.įor a quick refresher, Intergraph was taken private in 2006 by an investor group led by Hellman & Friedman and Texas Pacific Group (now TPG).

Hexagon corp