Navigation

Skiplink Navigation

Main Features

Leica adds US firm to growing list of acquisitions

Quality control at Leica in Switzerland: the company is on a buying spree

(Keystone)

The surveying technology company, Leica Geosystems, is to continue its expansion in the United States with the acquisition of the Laser Alignment company, based in Michigan.

The deal, announced on Monday, is valued at $23.3 million (SFr39.6 million). It will be financed with cash and is expected to close in early January.

A statement from Leica Geosystems headquarters in Heerbrugg said the acquisition would allow the company to establish a strong position in high-precision 3D guidance and automated machine control systems for use on construction sites, in mining applications and in the agricultural market.

The deal comes just three weeks after Leica Geosystems announced the acquisition of the California-based Cyra Technologies company, active in laser technology and software.

The chief executive of Leica Geosystems, Hans Hess, said the latest acquisition achieved a number of strategic objectives.

"Especially in the fast-growing machine-control and guidance market, the skills and strengths of Laser Alignment is expected to accelerate the achievement of our strategic goals," he said.

"With our expanded range of products and services, we will now be a far more attractive partner to our customers in these areas," he added.

swissinfo with agencies


Links

Neuer Inhalt

Horizontal Line


swissinfo EN

Teaser Join us on Facebook!

Join us on Facebook!

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.








Click here to see more newsletters