Hexagon acquires leading measuring handtool manufacturer in China

Hexagon acquires leading measuring handtool manufacturer in China

Hexagon has entered into an agreement to increase ownership in Jingjiang
Measuring Tool Company (JMTC) to 90 per cent by acquire an additional 60 per
cent of the shares of the company.

JMTC develops, manufactures and supplies a complete range of calipers, digital
and mechanical.

JMTC had a turnover of 80 MSEK in 2006 and has shown an annual growth of about
20 per cent in recent years. The company is based in Jingjiang, China, and
employs 500 people.

“The acquisition of JMTC is an important step in our strategy to grow Hexagon's
position in the mid and low range hand tool market. The acquisition will
complement the product offering of Hexagon owned TESA, a world leader in the
premium measuring tool segment manufacturing most of its products in
Switzerland”, says Ola Rollén, CEO and President of Hexagon AB.

“Thanks to significant investments in equipment and infrastructure as well as in
process management, JMTC has with its excellent quality reputation become a
leading player both in the Chinese market as well as in the export markets”,
says Ola Rollén.

JMTC will be consolidated as of 1 July 2007 and will immediately contribute to
Hexagon's earnings. JMTC and TESA will continue to operate separately.


For further information please contact:
Sara Kraft, IR Manager, Hexagon AB, +46 8 601 26 27, ir@hexagon.se

Hexagon AB is a global technology group with strong market positions within
measurement technologies and polymers. Hexagon's vision is to be number one or
number two in each strategic business area. The group has about 8 000 employees
in 30 countries and net sales of about 13 500 MSEK.