Hexagon Announces Financial Adjustments Related To Business Operations In Russia And The Acquisition Of Etq
Apr 01, 2022•over 3 years ago
Acquiring Company
Hexagon Composites ASA
Acquired Company
ETQ
Description
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced financial adjustments related to a decision to freeze business operations in Russia and the completion of the acquisition of ETQ. Hexagon will take a one-off charge of approximately 63 MEUR which will impact the first quarter 2022.The majority relates to the freezing of operations in Russia, which includes both a write-off of assets in the balance sheet and personnel costs.
M&A Insights
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Tech stack consolidation
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Post-acquisition investment
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