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New Deal


Announced

Hexagon to acquire ETQ from Technology Crossover Ventures for $1.2bn.

Financials

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Transaction Value£893m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

compliance management software

environmental health and safety software

developing

United States

Private

Friendly

Single Bidder

Acquisition

Majority

Domestic

Pending

Private Equity

Synopsis

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Hexagon, a provider of digital reality solutions combining sensor, software and autonomous technologies, agreed to acquire ETQ, a provider of SaaS-based quality management system, environment, health and safety and compliance management software, from Technology Crossover Ventures for $1.2bn. "Integrating data from our metrology systems with Reliance leads to increasing levels of autonomy that improve a customer's ability to put quality and process data to work. ETQ also enables connectivity of quality data and processes across supply chains, bringing suppliers and customers into one system," Ola Rollén, Hexagon President and CEO.

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