Product category:
Surveying
News Release from: Leica Geosystems
Edited by the Buildingtalk Editorial
Team on 11 September 2006
Leica Geosystems acquisition of Mikrofyn
Hexagon and Leica Geosystems announced the acquisition of Mikrofyn A/S in Denmark.
Hexagon and Leica Geosystems announced the acquisition of Mikrofyn A/S in Denmark The company is one of Europe's leading suppliers of machine automation and laser levelling and alignment equipment for the building construction and civil engineering industries
This article was originally published on Buildingtalk on 30 Jul 2004 at 8.00am (UK)
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Mikrofyn's product range consists of a portfolio of automatic and manual machine control systems for excavators, graders, dozers and paving machines, as well as a broad basket of laser rotators, laser receivers and pipe lasers.
"The acquisition of Mikrofyn is part of Hexagon's growth strategy and commitment to global expansion within machine automation technology".
"Mikrofyn is the largest European manufacturer of one and two dimensional solutions for construction machine automation and ideally complements Leica Geosystems' product range of GPS, TPS and laser based machine automation systems that manoeuvre infrastructure machines with increased efficiency and precision".
"Mikrofyn also complements Leica Geosystems' existing construction laser product basket and adds a second brand to our portfolio", says Ola Rollen, CEO and President of Hexagon AB.Mikrofyn is based in Odense, Denmark, and currently has 70 employees.
In the past years the company has shown annual growth rates in the range of 30 per cent.
Mikrofyn will be consolidated within Hexagon Measurement Technologies and will immediately contribute to Leica Geosystem's and Hexagon's earnings".
""The company has a long and successful record of cooperation with Scanlaser, which we acquired in May this year".
"Although Mikrofyn and Scanlaser are set up as independent business units, their combined competency will be applied globally within Leica Geosystems and Hexagon", says Clement Woon, President of the Geosystems Division within Hexagon Measurement Technologies, to whom the new businesses will report operationally".
""We welcome our new employees and their management team".
"Their competency and experience is a tremendous asset to our organization and will help to further accelerate our growth in the Construction segment", continues Woon.
In recent years the world market for machine automation has grown at rates in excess of 25 per cent per annum.
Market growth is driven particularly by the need for increased efficiency in infrastructure projects across the world.
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