It also paid SEK 4 million for the Hexagon name, and was officially renamed Hexagon AB on October 28, 1993. These three together had revenues of about SEK 150 million a year.Įken Industri bought Bruces Shipyard, Diana Control, and Dacke Hydraulik from Hexagon in August 1993 for about SEK 50 million. When it bought into Eken, Hexagon had controlling interests in three other companies, including Bruces Mekaniska Verkstad AB, a maker of ships' hulls Diana Control and a conference center. Hexagon soon raised its voting shares to a 50.1 majority.Īt the time of its acquisition by Hexagon, Eken Industri had four divisions: communications equipment, which made antennas for mobile phones and radios industrial automation building and interior design and vehicles, which included Bilmo of Lund, Sweden's largest agent for Volkswagen automobiles. Soon after its launch, Hexagon AB bought a 49.9 percent voting interest (and 19 percent equity interest) in Eken Industri & Handel AB from the Sparta savings bank. The group then had annual turnover of more than SEK 400 million. Eken Industri merged with its parent company, Investment AB Eken, in May 1987. Hexagon AB instead traces its origins to the founding of Eken Industri och Handel AB, which was registered on September 25, 1975. Hexagon AB is not related to a Swedish conglomerate of the same name that existed in the 1970s and 1980s. It owns other, engineering-related businesses and holdings in advanced polymers. One of the group's main focuses is metrology, or measuring technology it has acquired the venerable Brown & Sharpe machine tool business.
Innovation and efficiency are the other pillars of its success. It aims to achieve earnings per share growth of at least 15 percent a year in market-leading businesses. In September 2011, the Company acquired Rising Star Fortune Sdn Bhd.Hexagon AB is a global technology group. Bhd., Hexagon Investment Holdings Ltd., Hexagon Composite Engineering Sdn. The subsidiaries include Hexagon Tower Sdn. It has four segments: Retail solutions, Manufacturing semiconductor, Trading and services and Trading and services. The activities of its subsidiaries include the provision of plant and process engineering services, manufacturing and provision of inspection services for lead frames, providing corporate services to related companies, manufacturing of advanced composite materials, supply and install shop interiors and manufacturing of fiber reinforced plastic (FRP) tanks. Hexagon Holdings Berhad (Hexagon) is an investment holding company.
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