Hexagon announces one-time effects from the acquisitions of Vero Software and Mintec


Hexagon has following the acquisitions of the Computer Aided Manufacturing
software provider Vero Software and the mine planning software provider Mintec
identified overlapping technologies and assets. This will lead to a write-down
which in combination with transaction costs from the acquisitions will impact
Hexagon’s earnings for the third quarter of 2014.

The write-down relates to overlapping technology between Vero Software’s
development of reporting tools for manufacturing data and Hexagon’s existing
software in this area. The write-down also relates to overlapping technologies
between Hexagon’s existing operations within mining (such as fleet management
systems) and Mintec. Also transaction costs (tax and legal advice) from the two
acquisitions will have an impact on the third quarter of 2014.

Hexagon will consequently in the third quarter of 2014 record non-recurring
items of in total -17.8 MEUR.

In addition to the non-recurring items recorded in the third quarter of 2014,
Hexagon will see a negative impact stemming from acquired deferred revenues
(revenue haircut) of Vero Software and Mintec. This accounting effect will
negatively impact sales and earnings for the third and fourth quarter of 2014
with approximately -2 MEUR and    approximately -2 MEUR, respectively.
For further information please contact:
Carl Gustafsson, Investor Relations Manager, Hexagon AB,
46 8 601 26 27, ir@hexagon.com

Kristin Christensen, Vice President, Corporate Communications, Hexagon AB,
1 404 554 0972, media@hexagon.com
Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design,
measurement and visualisation technologies. Our customers can design, measure
and position objects, and process and present data, to stay one step ahead of a
changing world. Hexagon’s solutions increase productivity, enhance quality and
allow for faster, better operational decisions, saving time, money and
resources. Hexagon has more than 15,000 employees in over 40 countries and net
sales of about 2,400 MEUR. Our products are used in a broad range of industries
including surveying, power and energy, aerospace and defence, construction,
safety and security, automotive and manufacturing. Learn more at
www.hexagon.com.

Attachments

09194550.pdf