Hexagon Metrology Acquires Advanced Metrology Solutions9 Jun, 2008
Acquisition strengthens company's Sheffield, ROMER distributor network.
Hexagon Metrology announced this week that it has acquired its Sheffield CMM products distributor, Advanced Metrology Solutions of Dayton, Ohio. Advanced Metrology Solutions is a distributor of precision metrology products in a nine-state territory, stretching from Michigan to Florida. Besides Sheffield, the company also sells other Hexagon Metrology brands including ROMER portable arm measuring systems, TESA precision hand tools, and PC-DMIS software.
"This acquisition is part of Hexagon's global growth strategy of acquiring key distribution partners in key markets worldwide" said Bill Gruber, president and CEO of Hexagon Metrology. "In North America, it complements our multi-channel distribution strategy for Sheffield and ROMER products, which ensures a focused sales force concentrating on individual brands and product categories."
Tom Kretz, president and owner of Advanced Metrology Solutions, will join the Hexagon team. "[Tom's] experience with the distribution model in this industry will be an invaluable resource for the continued growth of the Sheffield and ROMER brands," Gruber continued. "Advanced Metrology will remain a focused, independently managed business unit. They will continue operating in the business model which has made them highly successful: providing customized, application specific solutions, services, and training backed with an exceptional level of personalized attention to their customer base. AMS represents the 'model distributor' for Hexagon Metrology's brands sold through the independent sales network, and we intend to pursue additional sales growth for these brands through these important channels in the future."
Advanced Metrology Solutions had sales of over nine million dollars 2007, and presently employs 19 people. Advanced Metrology Solutions will be fully consolidated as of the 1st of June, 2008 and will immediately contribute to Hexagon's earnings.