Hexagon AB, a global technology group based in Sweden, has signed an agreement to acquire Devex, a provider of automation solutions for mining operations.
In a press release announcing the deal, Hexagon explained that Brazil-based Devex has grown significantly in size and scope in recent years, and its product lineup has been extended beyond fleet management into mine process automation. The portfolio, said Hexagon, has grown from SmartMine, their flagship operations offering, to a comprehensive automation platform for optimizing mine performance through real-time control and remote monitoring of all mine activities, in 3-D and from a single platform.
Hexagon said Devex’s open-platform solutions complement Hexagon’s other products in the mining sector, with specific emphasis on 3-D environments that allow users to view and access data more intuitively.
Closure of the transaction is subject to customary regulatory approvals.
Consolidation and contribution to Hexagon’s earnings will start as of the closing date. Devex’s turnover for 2012 amounted to approximately 35 million Brazilian Real.