Multivista acquisition further strengthens Hexagon’s suite of forward-thinking construction solutions


Hexagon AB, a leading global provider of information technologies that drive
productivity and quality across geospatial and industrial enterprise
applications, today announced the acquisition of Multivista, a leading provider
of visual, cloud-based construction documentation solutions. Visual construction
documentation enables visibility of construction progress throughout the life
cycle of a built asset – from start to finish.

Multivista has offered documentation technology and services to support
construction projects of all types and sizes since 2003. Its construction
photography and video services provide progressive, digital records of ground-up
development. What’s captured is managed and shared via its cloud-based
documentation platform – where images are indexed and linked to architectural
plans and live conditions or events, such as walkthroughs and inspections, are
live streamed as well as viewed on demand. During construction this enables
remote monitoring and verification of site progress and quality of work as well
as immediate comparison of actual versus modeled conditions from anywhere at any
time. Post construction it eliminates guesswork, such as locating the electrical
and plumbing systems hidden behind walls, floors, and ceilings.

“Ultimately, Multivista brings visibility to construction projects. The
resulting transparency and accountability are both key to enabling prompt course
corrections and minimizing corrective work, which can ultimately result in a lot
of time and money saved in an industry whose productivity has declined over the
last 50 years,” said Hexagon President and CEO Ola Rollén. “This acquisition not
only strengthens Hexagon’s breadth of expertise in the changing construction
landscape but also offers opportunities to augment Multivista’s proven
documentation portfolio with 3D reality capture solutions. Additionally, as more
and more construction companies realise the value of centralised, real-time ‘as
-built’ information sharing, the practicality of integrating mobile,
positioning, and autonomous technologies into the construction workflow will
also become a reality – which are all an integral part of Hexagon’s construction
management solution strategy.”

Multivista operates a franchise business structure currently spanning North
America and Europe, with the majority of its operations in the U.S. and Canada.
Headquartered in Vancouver, British Columbia, Canada and Phoenix, Arizona, USA,
Multivista’s comprehensive visual construction documentation solutions help
improve jobsite productivity and collaboration, enforce accountability, verify
quality, reduce risk, and control costs.

Multivista will be fully consolidated as of today. The acquisition has no
significant impact on Hexagon's earnings.

For further information please contact:
Maria Luthström, Investor Relations Manager, Hexagon AB, +46 8 601 26 27,
ir@hexagon.com
Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554
0972, media@hexagon.com
Hexagon is a leading global provider of information technologies that drive
productivity and quality across geospatial and industrial enterprise
applications. Hexagon's solutions integrate sensors, software, domain knowledge
and customer workflows into intelligent information ecosystems that deliver
actionable information. They are used in a broad range of vital industries.
Hexagon (Nasdaq Stockholm: HEXA B) has more than 16,000 employees in 46
countries and net sales of approximately 3.0bn EUR. Learn more at
www.hexagon.com and follow us @HexagonAB.

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