Hexagon acquires German probe maker m&h
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Metrology specialist Hexagon has acquired all outstanding shares in German probe maker m&h Group.
The Group comprises three German companies m&h Inprocess Messtechnik GmbH, m&h Inprocess International Trading GmbH and m&h Inspect GmbH.
m&h is a developer, manufacturer and distributor of machine tool probes including related software and services. The Group has a strong technology and intellectual property base.
m&h was founded in 1991 and employs 55 people. The Group had a turnover of approximately £7.6 million in 2007, recording healthy growth over recent years. The acquisition of m&h will position Hexagon as a leading player in the machine tool probing segment, says the metrology company.
"The acquisition of m&h adds a comprehensive product line with state-of-the-art technology and superior quality and reliability to the Hexagon product portfolio for process control within the machine tool segment", says Ola Rollén, CEO and president of Hexagon AB.
m&h will be fully consolidated as of 1 July 2008 and will immediately contribute to Hexagon's earnings.
