Monday, July 12, 2010

Intergraph acquired by Hexagon

Stockholm, Sweden based Hexagon AB last week acquired Intergraph with products like PDS, SmartPlant 3D, SmartPlant P&ID, CADWorx, COADE, ISOGEN, CAESAR II, GeoMedia.

On 6 July 2010, Hexagon AB entered into an agreement to acquire US-based software provider Intergraph Corporation for a cash purchase price of 2 125 MUSD on a cash and debt free basis.

Intergraph fulfils all prerequisites that Hexagon has set for software driven expansion. The combination of Hexagon's leadership in solutions that capture rich geospatial data using aerial and ground based point cloud sensor technology, with Intergraph's leadership in GIS and CAD application software, will enable the enlarged Hexagon Group to develop and provide unrivalled integrated solutions to clients.

Intergraph operates through two divisions: Process, Power & Marine (PP&M) and Security, Government & Infrastructure (SG&I).  Intergraph PP&M provides enterprise engineering software for the design, construction and operation of plants, ships and offshore facilities. Intergraph SG&I provides geospatially-powered solutions to the defense and intelligence, public safety and security, government, transportation, photogrammetry, utilities, and communications industries. For more information, visit www.intergraph.com.

Full press release at www.hexagon.se/1485.asp

Quote from by Ralph Grabowski, upFront.eZine:

The other aspect of the deal that titillates observers is the position of Bentley Systems. As I understand it, Intergraph still owns 30% of Bentley, meaning either (a) Hexagon becomes a miniority owner, or (b) the Bentley brothers buy out Intergraph's share. I wonder if this now leaves Autodesk as the oldest independent CAD vendor?

Randall at Vektorrum says:

If any executives from ESRI, Bentley, or AVEVA were watching Hexagon CEO Ola Rollen’s presentation to analysts this morning, they must have reached for the antacids before he finished. He waxed enthusiastic about the market disruptions his now-doubled company intends to produce by marrying terabytes of constantly updated point cloud data into the original 3D engineering model. Instead of only using a laser scanner as a point solution for specific tasks, the marriage of scan data and CAD makes Hexagon solutions a friend of the asset from initial design to decommission.

Quote from Bloomberg:

Hexagon will help Intergraph boost sales in China, Ola Rollen, the Swedish company’s chief executive officer, said by phone today. “We have 14 regional offices, four factories and more than 1,500 employees in China,” Rollen said. “We’ll help Intergraph reach more customers through our sales organization in China.” Hexagon may also pursue “some smaller complementary acquisitions.”

Note also that CADWorx is running on Autodesk’s AutoCAD.

Hexagon owns among other brands Brown & Sharpe, Leica Geosystems and NovAtel.

The 4000 new employees will surely move Hexagon up on the list of Sweden’s largest companies.

Mr Melker Schörling is on the board of directors of Hexagon and owns a big share. Back in 1998 when I worked at Emtunga, Melker Schörling was part of IDI that acquired Emtunga and the same year Melker Schörling also acquired the controlling stake in Hexagon.


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