The purchase of Devex will work to strengthen Hexagon Geosystems’ market position and technology in the mining sector by complementing its established Leica Geosystems Mining business.
Hexagon Geosystems believes that the acquisition of Devex not only advances its own expansion into South America but the mining industry as a whole. It feels that a strong strategic commitment will create opportunities for both Devex and Leica Geosystems Mining to cross-sell complementary Hexagon Geosystems technologies and expand the market with advanced life of mine solutions. Additionally it enables both companies to exploit product integration opportunities to better serve the automation needs of mining industry.
Devex and Leica Geosystems Mining will both carry on as separate businesses to serve their customers in the mining market. CEO and co-founder Guilherme Bastos will continue to lead Devex, while CEO Haydn Roberts will continue to lead Leica Geosystems Mining.
