Swedish measurement firm Hexagon AB entered into an agreement this week to acquire U.S.-based software provider Intergraph Corp. The $2.1 billion purchase is expected to strengthen Hexagon’s position as a global provider of measurement technologies by integrating Intergraph’s CAD and geospatial intelligence software among its offerings. Particularly, the acquisition should boost Hexagon’s usefulness to energy, security, and infrastructure firms.

The acquisition is fully financed through banking facilities, and Hexagon expects to raise $850 million from investors through a rights issue once the acquisition is complete. Completion of the transaction is subject to regulatory approvals, which will take approximately two to three months.

“With the acquisition of Intergraph we are able to seamlessly connect the real world with maps or drawings,” says Ola Rollén, president and CEO of Hexagon AB. “By adding Intergraph’s technologies to our product offering, Hexagon will be able to create exciting new solutions that will change the way our customers operate.”

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