Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Hexagon AB, a leading global provider of design, measurement and visualisation technologies, has signed an agreement to acquire SAFEmine, a leader in the field of safety solutions. This acquisition strengthens the Hexagon Mining Division and complements established companies, Leica Geosystems Mining and Devex.
Headquartered in Baar, Switzerland, SAFEmine (http://www.safe-mine.com) provides comprehensive traffic safety solutions for vehicles operating in open-pit mines. Built around a compact collision avoidance system, SAFEmine’s
technology increases situational awareness and reduces accidents by actively alerting the vehicle operator to imminent threats. The product line includes collision avoidance, driver fatigue monitoring, advanced tracking radar
and vehicle information systems. SAFEmine has a global presence, with subsidiaries and local partners around the world and products in use in more than 45 mines worldwide.
This acquisition is significant for our customers in mining and other sectors that are increasing the use of technologies in order to operate with the highest amount of efficiency while also improving safety conditions,” said
Ola Rollén, Hexagon President and CEO. “SAFEmine’s strong presence and technology leadership not only open doors to cross-sell complementary Hexagon offerings to the same market, but create integration opportunities across
multiple businesses within Hexagon.”
“This is the logical next step in the development of SAFEmine, giving us the flexibility to grow, expand, and to intensify customer contacts. SAFEmine will continue to operate as its own organization and with its own brand,
embedded into the Hexagon Mining Division, working alongside Devex and Leica Geosystems Mining” said Urs Rothacher, Andrea Schlapbach, Urban Maeder, Peter Stegmaier, Founders, SAFEmine.
SAFEmine will be fully consolidated as of 13 March, 2014. The acquisition has no significant impact on Hexagon’s earnings. The company’s turnover for 2013 amounted to approximately 13 million EUR.
To maintain their strong brand reputation Leica Geosystems Mining, Devex and SAFEmine will continue to operate as separate businesses in the mining market. “The acquisition of SAFEmine aligns with our strategic vision of
offering life of mine measurement solutions, as well as further cross selling capabilities. Hexagon is committed to increasing our global mining market share and growing our technology portfolio. Our customers can expect product
integration in the future, including Leica Jigsaw and SAFEmine” said Haydn Roberts, CEO, Leica Geosystems Mining.
Leica Geosystems – when it has to be right
Leica Geosystems Mining is a division of Leica Geosystems Pty Ltd.
With close to 200 years of pioneering solutions to measure the world, Leica Geosystems products and services are trusted by professionals worldwide to help them capture, analyze, and present spatial information. Leica
Geosystems is best known for its broad array of products that capture accurately, model quickly, analyze easily, and visualize and present spatial information.
Those who use Leica Geosystems products every day trust them for their dependability, the value they deliver, and the superior customer support. Based in Heerbrugg, Switzerland, Leica Geosystems is a global company with tens
of thousands of customers supported by more than 3’500 employees in 28 countries and hundreds of partners located in more than 120 countries around the world. Leica Geosystems is part of the Hexagon Group, Sweden.
Learn more at http://www.leica-geosystems.com/en/index.htm.
Hexagon
Hexagon (NASDAQ OMX Stockholm: HEXA B) is a leading global provider of design, measurement and visualisation technologies. Our customers can design, measure and position objects, and process and present data,
to stay one step ahead of a changing world. Hexagon’s solutions increase productivity, enhance quality and allow for faster, better operational decisions, saving time, money and resources. Hexagon has more than 14,000 employees
in over 40 countries and net sales of about 2,400 MEUR. Our products are used in a broad range of industries including surveying, power and energy, aerospace and defence, construction, safety and security, automotive and
manufacturing. Learn more at www.hexagon.com.
