Intergraph Purchase by Hexagon

Can a Coade person please let us know the impact of the announced Intergraph purchase by Hexagon AG last week.

Regards

Kim

I write to you today with some very important and exciting news relating to the growth and future of Intergraph. As announced recently, Intergraph has entered into a definitive agreement to be acquired by Hexagon AB, a leading global provider of technology systems for measurement of objects in one, two or three dimensions. Publicly-traded on the Nordic exchange (ticker “HEXAB”) with a secondary listing on the Swiss Exchange (ticker “HEXN”), Hexagon has more than 7,500 employees in 39 countries across the globe.

We want to assure you, as a valued customer, that the change of ownership will have no impact on the relationship we have established. Intergraph’s corporate mission and dedication to our customers will remain the same. We will continue to focus on developing solutions to address the unique demands inherent in your business and industry. In addition, your Intergraph contacts will remain unchanged.

Upon closing of the acquisition, Intergraph will operate as a wholly-owned Hexagon subsidiary under the Intergraph name and branding. Intergraph will become Hexagon’s core software platform and will continue to provide differentiated and vertically focused software solutions to our customers and industries. Leveraging the global resources of Hexagon, we will continue to make investments in our software and focus our decisions on your long-term success as an Intergraph customer.

Hexagon provides leading technology measurement hardware systems that produce a tremendous amount of precise data through its full array of digital sensors and measurement technologies. Intergraph’s unique and differentiated software will serve as the “presentation layer” to visualize this immense amount of critical and complex data to help create actionable intelligence for customers of both companies.

We anticipate that the transaction will close before the end of 2010. This timing is subject to and dependent on certain regulatory approvals and satisfaction of other customary conditions to closing. Prior to closing, there will be no material changes to our company or operations. It will be business as usual.

Has there been any further development since Hexagon aquisition of Intergraph? Is CADWorx 2011 ever going to be released or is CADWorx going to be allowed to die from lack of development?

Anybody know?

CADWorx is very much a viable product for Intergraph and development is stronger then ever before. With the purchase of Intergraph by Hexagon the focus has not changed at all.

Joseph Dixon

Joseph

Thanks for that reassurance.

Thank you, this is good news for new visitors.