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Hexagon acquires SAFEmine.

Global provider of design, measurement and visualization technologies Hexagon announced in March it had signed an agreement to acquire SAFEmine. Financial terms of the deal were not disclosed.

The takeover of SAFEmine's product lines, which include collision avoidance, driver fatigue monitoring, advanced tracking radar and vehicle information systems, is significant for mining customers, according to Hexagon President and CEO Ola Rollen. "SAFEmine's strong presence and technology leadership not only open doors to cross-sell complementary Hexagon offerings to the same market, but create integration opportunities across multiple businesses within Hexagon," Rollen said.

SAFEmine was fully consolidated as of March 13, and Hexagon said no significant impact on its earnings would be seen. The company's turnover for 2013 amounted to approximately 13 million EUR.

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Title Annotation:SUPPLIERS NEWS
Publication:Coal Age (1996)
Article Type:Brief article
Date:Apr 1, 2014
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