When it bought into Eken, Hexagon had controlling interests in three other companies, including Bruces Mekaniska Verkstad AB, a maker of ships' hulls Diana Control and a conference center. Hexagon soon raised its voting shares to a 50.1 majority.Īt the time of its acquisition by Hexagon, Eken Industri had four divisions: communications equipment, which made antennas for mobile phones and radios industrial automation building and interior design and vehicles, which included Bilmo of Lund, Sweden's largest agent for Volkswagen automobiles. Soon after its launch, Hexagon AB bought a 49.9 percent voting interest (and 19 percent equity interest) in Eken Industri & Handel AB from the Sparta savings bank. It was led by industrialist Torbj örn Ek. The group then had annual turnover of more than SEK 400 million. Eken Industri merged with its parent company, Investment AB Eken, in May 1987. Hexagon AB instead traces its origins to the founding of Eken Industri och Handel AB, which was registered on September 25, 1975. Hexagon AB is not related to a Swedish conglomerate of the same name that existed in the 1970s and 1980s. It owns other, engineering-related businesses and holdings in advanced polymers. One of the group's main focuses is metrology, or measuring technology it has acquired the venerable Brown & Sharpe machine tool business. Innovation and efficiency are the other pillars of its success. It aims to achieve earnings per share growth of at least 15 percent a year in market-leading businesses. NAIC: 326220 Rubber and Plastics Hoses and Belting Manufacturing 326291 Rubber Product Manufacturing for Mechanical Use 333910 Pump and Compressor Manufacturing 333995 Fluid Power Cylinder and Actuator Manufacturing 334419 Other Electronic Component Manufacturing 334513 Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables 334519 Other Measuring and Controlling Device Manufacturing 339991 Gasket, Packing, and Sealing Device Manufacturing 551112 Offices of Other Holding Companies Incorporated: 1975 as Eken Industri & Handel AB

Hexagon holding