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Hexagon acquires infor5/10/2023 ![]() ![]() ![]() ![]() Having risen 29% so far this year, shares in the firm, which partly competes with companies such as Trimble and Autodesk, were up 1.5% at 0936 GMT. Hexagon’s sensors and software are used for measurement and quality inspection in manufacturing processes and engineering plant design, as well as in infrastructure planning, construction, mining, agriculture and energy. Hexagon reported a like-for-like sales rise of 20% with China growing 25%, mainly driven by strong demand in manufacturing, and Europe, Middle East and Africa, the company’s biggest region by net sales, recording growth of 27%. The measurement and positioning systems and software company said it had seen continued high activity in the global construction and infrastructure markets, recovering manufacturing in Europe and North America and strong demand in China. STOCKHOLM – Swedish industrial technology group Hexagon reported record sales and profitability on Tuesday, beating market expectations, boosted by stronger manufacturing demand. ![]()
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