Hexagon expands within agriculture machine guidance

Hexagon expands within agriculture machine guidance

Hexagon has entered into an agreement to acquire all assets of Rinex Technology
in Perth, Australia.

Rinex develops and supplies hardware and software for agricultural tractor and
combine guidance. The company was founded in 1995 and today employs 20 people.
Rinex has recently released new products and sales in 2008 are estimated to be
more than 30 MSEK."The acquisition of Rinex is a vital piece in Hexagon's growth strategy and
commitment to global expansion within the agriculture market segment. We are
today active in the field of high precision GPS tractor guidance via our
subsidiary Leica Geosystems in Brisbane, Australia. The product portfolio of
Rinex in the field of tractor guidance applications and boom section control
will complement our product portfolio and provide our customers in farming with
a broader product offering. We will also be able to reach synergies in sales and
marketing as Rinex's strong position in Australian distribution and sprayer
market complements Leica Geosystems' position in Europe and the US", says Ola
Rollén, CEO and President of Hexagon AB.

Rinex will be fully consolidated as of 13 October 2008 and will immediately
contribute to Hexagon's earnings.

In recent years the world market for agricultural machine guidance systems has
grown at a rate in excess of 25 per cent per annum and can today be estimated to
about 3 000 MSEK. Market growth is driven particularly by the need for increased
productivity of farming and reduction of inputs such as fertilizer.


For further information please contact Sara Kraft, Investor Relations, at +46 8
601 26 27, ir@hexagon.se

Hexagon AB is a global measurement technologies company with strong market
positions. Hexagon's mission is to develop and market leading technologies and
services to measure in one, two or three dimensions, to position and update
objects and to time processes. The group has about 8 000 employees in 35
countries and net sales of about 13 000 MSEK. Read more at www.hexagon.se.