Officials at Leica Geosystems Mining, a unit of Hexagon Geosystems, have announced an agreement to acquire Devex S.A.., a top Brazilian automation solutions company.
Under the deal, Belo Horizonte-based Devex and Leica Geosystems Mining will continue operating as separate entites; CEO Guilherme Bastos will keep leading Devex while CEO Haydn Roberts will keep the helm at Leica Geosystems.
The acquisition advances Hexagon Geosystems into both South America and the mining industry as a whole, according to company officials. The union, moreover, allows cross-sale of Hexagon Geosystems technologies with life-of-mine solutions as both companies enjoy integration opportunities for industry automation needs.
