Hexagon AB, leading global provider of design, measurement and visualization solutions, has entered into an agreement to acquire Airborne Hydrography AB (AHAB), a provider of airborne laser survey systems for hydrographic and topographic surveys.
Founded in 2002 and based in Jönköping, Sweden, AHAB serves international survey companies and governmental organizations around the world, with hydrographic and topographic software and systems to map land, coastal zones and seafloors. Their product portfolio includes airborne bathymetric LiDAR technology, which provides the equivalent of above-water topographic maps, enabling underwater objects to be detected and deep and shallow waters and coastal zones to be mapped and monitored.
"Highly accurate hydrographic surveys are of particular importance when it comes to monitoring and managing the effects of changing sea-levels, flooding, or coastal damage due to natural disasters,” said Hexagon AB President and CEO Ola Rollén. “The AHAB portfolio of products will enable Hexagon to expand into the growing deep and shallow water bathymetry and coastal topography markets – which are indispensable when it comes to the safety of those that live in coastal regions and the expedited recovery in these areas in the face of the disaster.”
The transaction is subject to customary closing conditions. The acquisition has no significant impact on Hexagon’s earnings.