Hexagon AB [STO:HEXA B] and NovAtel Inc. [NASDAQ:NGPS] are going to be the fastest of friends… the firms have entered into a definitive agreement under which Hexagon has agreed to acquire all the outstanding shares of NovAtel for US$50D per share. NovAtel is a provider of precision Global Navigation Satellite System (GNSS) components and subsystems and develops quality OEM products including receivers, enclosures, antennas and firmware that are integrated into high precision positioning applications worldwide. These applications include surveying, Geographical Information Systems (GIS) mapping, precision agriculture machine guidance, port automation, mining, timing and marine industries. NovAtel’s reference receivers are also at the core of national aviation ground networks in the USA, Japan, Europe, China and India.
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