Hexagon Acquires Mapping Software Developer, MicroSurvey
Hexagon has entered into an agreement to acquire all outstanding shares of MicroSurvey Software Inc., a Canadian-based developer of surveying and mapping software for the land surveying, construction and forensic markets.
"MicroSurvey has grown very rapidly in the last two years, and the acquisition by Hexagon gives us the means to grow even faster and keep pace with the ever-growing customer demand. Our team is extremely excited about this acquisition as it provides us the vehicle for further investment in innovation and greater access to the market," said Darcy Detlor, president of MicroSurvey Software. Detlor will continue as president of MicroSurvey.
Headquartered in Kelowna, British Columbia, MicroSurvey currently employs 30 people. The company provides innovative software solutions to customers around the world.
“The acquisition of MicroSurvey notably expands Hexagon’s product offerings and software development capabilities for several of our key markets including land surveying, construction and public safety,” said Ola Rollen, CEO and president of Hexagon AB. “Additionally, both MicroSurvey’s software products and Hexagon’s instrument products enjoy strong leadership positions in these markets.
“The ability to offer such comprehensive, market-leading and innovative solutions will undoubtedly benefit both current and future customers of Hexagon.”
In a separate statement, MicroSurvey said it will provide the smoothest transition possible without disruption of service to their customers and will continue to operate as a separate business entity. There will be no change in the day-to-day operations; all of the staff will stay in their positions, and products will continue to be available for purchase. The company said its MSCAD and FieldGenius products would continue to be a priority, and that the R&D team remains committed to developing new products and enhancements. Maintenance agreements will also be unaffected. MicroSurvey products will continue to be sold through MicroSurvey Dealers, and MicroSurvey will also be working toward creating partner relationships with Hexagon’s current distributors.