Swedish technology company Hexagon has acquired all shares of Brazilian software and services provider Sisgraph for US$2.13bn, the latter announced on its website.
According to Hexagon CEO Ola Rollén, the acquisition will strengthen the company's presence in South America and give Hexagon full access to the "competence, customer relations, service capability and proprietary technology of Sisgraph."
"We believe South America in general - and Brazil in particular - has very interesting growth prospects for the years to come," Rollén said.
Hexagon - which provides technology for the power, process and marine business - sees "many opportunities related to the exploration and production of Brazil's offshore oil reserves," as well as in the security, governments and infrastructure business. "We have, for example, many interesting leads related to the 2014 World Cup and the 2016 Olympics," the executive said.
Sisgraph is an exclusive representative of Intergraph, a global provider of engineering and geospatial software that enables customers to visualize complex data. The company will be fully consolidated and immediately contribute to Hexagon's earnings.
Hexagon has over 12,000 employees in more than 40 countries. Verticals include surveying, power and energy, aerospace and defense, safety and security, construction and manufacturing.