Hexagon Announces Financial Adjustments Related To Business Operations In Russia And The Acquisition Of Etq
Acquiring Company
Hexagon Composites
Acquired Company
ETQ
ÅlesundManufacturingEnergyRenewable EnergyDescription
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.
Quick answer
Hexagon Composites is acquiring ETQ, announced April 1, 2022. Hexagon Composites is based in Ålesund, Møre og Romsdal, Norway.
- How much did Hexagon Composites pay for ETQ?
- The deal value was not disclosed.
- What does Hexagon Composites do?
- Hexagon Composites delivers safe and innovative solutions for a cleaner energy future.
- Where are Hexagon Composites and ETQ based?
- Hexagon Composites is based in Ålesund, Møre og Romsdal, Norway.
- Who are the decision-makers at Hexagon Composites?
- Fundz holds 3 contacts at Hexagon Composites. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Hexagon Composites, and when
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Frequently asked
Who acquired ETQ?
ETQ was acquired by Hexagon Composites, based in Ålesund. The deal was reported on April 1, 2022. Hexagon Composites delivers safe and innovative solutions for a cleaner energy future. Their solutions enable storage, transportation and conversion to clean energy in various mobility and industrial applications. Hexagon Composites is privately held and operates in Manufacturing.
When did Hexagon Composites acquire ETQ?
Hexagon Composites's acquisition of ETQ was reported on April 1, 2022. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ETQ do?
Learn how ETQ QMS quality management solutions offer 40 ready to use applications built on a powerful and agile quality platform in the cloud. It is privately held.
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