Hexagon AB, a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, today announced a new segment reporting structure. As of Q1 2015, Hexagon will replace the current Measurement Technologies and Other Operations segments with Geospatial Enterprise Solutions and Industrial Enterprise Solutions.
The new structure is a result of the divestment of Other Operations and will also improve the alignment between Hexagon’s financial reporting and operational strategy.
The Geospatial Enterprise Solutions (GES) segment will consist of businesses focused on capturing, managing and leveraging geospatial and positioning information. These are Leica Geosystems, Intergraph SG&I, Hexagon Geospatial, Hexagon Positioning and Hexagon Mining. Solutions in this segment leverage GIS (Geographic Information Systems) and mapping software as well as hardware such as laser instruments, GNSS and airborne imaging sensors to understand and act upon georeferenced data.
The Industrial Enterprise Solutions (IES) segment will consist of the manufacturing and engineering focused businesses, Hexagon Metrology and Intergraph PP&M. It includes engineering software for creating and leveraging information critical to the planning, construction and operation of plants and process facilities as well as CAD (computer-aided design) and CAM (computer-aided manufacturing) manufacturing software and metrology systems that incorporate the latest in laser and sensor technology for fast and accurate measurements.
While both segments share a common goal of delivering actionable information, linking isolated silos of information across entire organisations and supply networks, each specialises in its own mix of hardware, software and services.
In order to maintain consistency in the financial reporting, Hexagon will continue to report numbers for the former segment Measurement Technologies during 2015. Pro forma figures for the new segments for the period 2011 to 2014 can be downloaded in the financial statements section of the investor relations page on Hexagon’s website as well as in the most recent investor presentation.