On July 6, Hexagon entered into an agreement to acquire US-based software provider Intergraph for US$2.1 billion. Intergraph is a global provider of enterprise engineering and geospatial software.
The acquisition will further strengthen Hexagon's position as a world leading measurement technology group. Significant synergies are expected to arise from the transaction
“With the acquisition of Intergraph we are able to seamlessly connect the real world with maps or drawings. By adding Intergraph's technologies to our product offering, Hexagon will be able to create new exciting solutions that will change the way our customers operate in several industries across the world. We are indeed excited about the future for our group,” said Ola Rollén, President and CEO of Hexagon.
Founded in 1969, Intergraph is a provider of enterprise engineering (CAD) and geospatial intelligence software (GIS) that enables customers to visualize and manage complex data. Businesses, governments and security organizations in more than 60 countries rely on Intergraph's industry-specific software solutions to organize vast amounts of data into understandable visual representations and actionable intelligence. Operating through two divisions, Process, Power & Marine (PP&M) and Security, Government & Infrastructure (SG&I), Intergraph's solutions empower customers to design, build and operate more efficient plants, ships and offshore facilities, create intelligent maps, protect critical infrastructure and provide security for hundreds of millions of people around the world.
“We are very pleased that Hexagon has selected Intergraph to play a key role in their software expansion strategy,” said R. Halsey Wise, Chairman, President, and CEO of Intergraph. “Hexagon's commitment to being No. 1in the market is very much in line with our existing goals. We believe Hexagon's significant global resources and technologies will allow further investments in our customers, software solutions, people and future.”
In recent years, Intergraph has consistently shown strong and resilient financial results. In 2009, sales amounted to $770 million and EBITDA to $189 million. The company is expected to report sales of approximately $830-840 million and EBITDA of approximately $200-210 million in 2010. In 2009, approximately 40 percent of Intergraph's sales were generated from the US, 36 percent from EMEA, 15 percent from Asia Pacific and 9 percent from the rest of the world.
Driven by global growth trends in key end-markets, particularly energy consumption and the need for security and infrastructure development, Intergraph is expected to continue to deliver significant growth in coming years.
Intergraph is headquartered in Huntsville, Alabama, and employs approximately 4,000 people in 34 countries.