Today Ola Rollén, President and CEO of Hexagon AB, participates at the Intergraph Corporation's annual international users' conference in Las Vegas, USA. The event "Intergraph 2010" hosts approximately 2 000 Intergraph customers from across the world and offers previews of new Intergraph technology, presentations by industry experts and hands-on training of Intergraph technology.
In a keynote address Ola Rollén comments on the planned acquisition of Intergraph announced on 7 July 2010. He reiterates Hexagon's intentions of continuous commitment and investment in Intergraph's vision, solutions, customers and employees. Ola Rollén also confirms Hexagon's intent to support Intergraph's product roadmap and to further invest in research and development.
"It is our intention that Intergraph's solutions will become Hexagon's core software platform, providing differentiated and vertically-focused software solutions. By combining Intergraph's technologies with our global resources and technologies, Hexagon will be able to create new exciting solutions to customers going forward", says Ola Rollén.
The acquisition of Intergraph is subject to completion of regulatory process and satisfaction of customary closing conditions. Competition law notifications have been submitted to the relevant regulatory authorities and the applicable waiting periods have expired. Completion of the remaining regulatory procedures is pending. Financial consolidation is estimated to take place in the fourth quarter of 2010.
At closing, Intergraph will become a fully owned subsidiary of Hexagon AB and will operate as a separate Hexagon division under the Intergraph name and branding. Following closing, it is planned that Ola Rollén will assume the role of CEO of Intergraph in accordance with the Hexagon model for successful integration into the Hexagon Group. Following closing, the two Intergraph divisions Process, Power & Marine and Security Government & Infrastructure will continue to operate under the leadership of Gerhard Sallinger and John Graham, respectively.
For further information please contact: Sara Kraft, Corporate Communications, Hexagon AB, +46 8 601 26 23, email@example.com
Extracted 09/01/2010 http://investors.hexagon.se/index.php?p=press&afw_lang=en
See Ola's Keynote at the Intergraph User Conference