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Swedish industrial technology group Hexagon AB reported a 7% fall in third-quarter adjusted operating earnings as it pushes ahead with a significant corporate overhaul.
Hexagon AB on Monday announced key leadership appointments and further details for the planned spin-off of its software unit, Octave, as the industrial technology group accelerates a corporate overhaul.
Hexagon AB has agreed to sell its Design & Engineering software business to Cadence Design Systems Inc. for approximately 2.7 billion euros, reversing a major acquisition made eight years ago.
Hexagon AB announced Friday that Chief Financial Officer David Mills is stepping down, with the company citing personal reasons for his departure.
| 6 Feb 2017 |
| Hexagon to launch a cost savings programme | 6 Feb 2017 |
| Hexagon’s Nomination Committee proposes new Board of Directors | 6 Feb 2017 |
| Hexagon enters into agreement to acquire MSC Software, a leading provider of CAE (simulation) software | 2 Feb 2017 |
| Hexagon announces the appointment of new Senior Vice President of Strategic Alliances and new President of PPM | 12 Jan 2017 |