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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 2009 |
| Invitation to presentation of Hexagon's Year-End Report on 6 February | 30 Jan 2009 |
| Hexagon grew earnings per share by 6 to 8 per cent in 2008 | 13 Jan 2009 |
| Hexagon's financial plan updated at Capital Markets Day | 25 Nov 2008 |
| Utilization of authorization within Hexagon to repurchase own shares | 14 Nov 2008 |