Hexagon Metrology has acquired all shares in MANFRA, the Brazil-based distributor of Leica Geosystems products for nearly 30 years.
In addition to the company's partnership with Leica Geosystems, MANFRA is also the developer of Posicao topography software for the surveying sector. Founded in 1978 in Curitiba, MANFRA serves the surveying and engineering, construction, mining and agriculture industries, primarily in the south and west Brazilian markets.
MANFRA will be fully consolidated and will contribute to Hexagon's earnings. Excluding intercompany revenue, the company's turnover for 2012 amounted to approximately 7 MEUR.
For more information, visit Hexagon Metrology.
Sources: Press materials received from the company and additional information gleaned from the company's website.