The cash consideration is fully financed via existing and new debt facilities and the proforma net debt to EBITDA ratio based on the fourth quarter 2021, including the transaction, amounts to approximately 2.Total purchase price of 1,200 MUSD on a cash and debt free basis.ETQ will be consolidated as of 1 April 2022 and will operate within Hexagon’s Manufacturing Intelligence division. The transaction is expected to generate sales synergies of over 40 MUSD, with very strong incremental margins, by 2026.Ĭompletion of the transaction was subject to regulatory approvals and other customary closing conditions, which have now been obtained. SaaS is expected to account for half of bookings in 2022 and has been growing at a trailing 3-year Compound Annual Growth Rate (CAGR) of 60 per cent. ETQ is expected to generate revenues of around 75 MUSD in 2022 with an adjusted operating margin of over 35 per cent (cash EBITDA margins of around 45 per cent). Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced the completion of the previously announced acquisition of ETQ.ĮTQ is a leading provider of SaaS-based QMS (quality management system), EHS (environment, health and safety) and compliance management software. Infor, the industry cloud company, today announced it has entered into an agreement to sell its global EAM (Enterprise Asset Management) business to Hexagon AB ( Nasdaq Stockholm: HEXA B), a global leader in digital reality solutions, for approximately 2.

Hexagon infor acquisition