Hexagon Geosystems signs agreement to acquire Devex
Hexagon Geosystems will strengthen its position and technology in the mining industry by complementing its well established Leica Geosystems Mining business with the acquisition of Devex.
Devex, based in Belo Horizonte, Brazil has a leading market position in the South American market, serving the mining industry with automation solutions for mining operators.
Devex and Leica Geosystems Mining will both carry on as separate businesses to serve their customers in the mining market.
CEO and co-founder Guilherme Bastos will continue to lead Devex and CEO Haydn Roberts will continue to lead Leica Geosystems Mining.
The acquisition of Devex not only advances Hexagon Geosystems' expansion into South America but the mining industry as a whole. This strong strategic commitment creates opportunities for both Devex and Leica Geosystems Mining to cross-sell complementary Hexagon Geosystems technologies and expands the market with advanced life of mine solutions. Additionally it enables both companies to exploit product integration opportunities to better serve the automation needs of mining industry.
Hexagon is a leading global provider of design, measurement and visualisation technologies, and Leica Geosystems is best known for its broad array of products that capture accurately, model quickly, analyse easily, and visualise and present spatial information.