Hexagon Acquires Messtechnik Wetzlar
24 Jun, 2008Acquisition will add approximately US$3.3 million to Hexagon's annual sales.
Hexagon AB announced today it has acquired all outstanding shares in the German company Messtechnik Wetzlar (MTWZ), a developer and provider of QUINDOS software solutions for quality control of mechanical parts such as gears and turbine blades. MTWZ is also a solutions provider for turnkey projects around material handling metrology solutions. The company will be integrated into Hexagon Metrology.
Excluding intercompany sales, MTWZ will add approximately US$3.3 million to Hexagon annual sales, the company reports. The company has experienced healthy growth in recent years and employs 34 people. MTWZ will be fully consolidated into Hexagon Metrology as of July 1, 2008, and will immediately contribute to Hexagon's earnings.
MTWZ's QUINDOS metrology software is used with high-end coordinate measuring machines such as the Leitz PMM series. The solution is used to inspect and measure the complex geometry of gears, powertrain components, and turbine blades used in industries such as aerospace, automotive, power generation including wind power, and heavy engineering.
"The acquisition of MTWZ shows our commitment to the high-end segment of software tools in the quality control of prismatic parts. MTWZ's software package QUINDOS7 complements the Hexagon software package PC-DMIS, and thus our software offering in this area", said Ola Rollen, CEO and president of Hexagon AB.
Hexagon Metrology serves the high-precision measurement and inspection needs of worldwide manufacturers with its line of metrology hardware, software, accessories, and customer services. The company is a subsidiary of Hexagon Measurement Technologies, a business unit of Hexagon AB (Nacka Strand, Sweden).
