Hexagon Announces Financial Adjustments Related To Business Operations In Russia And The Acquisition Of Etq
Hexagon Announces Financial Adjustments Related To Business Operations In Russia And The Acquisition Of Etq
04/01/22, 6:13 AM
Location
Industry
renewable energy
energy
manufacturing
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, today announced financial adjustments related to a decision to freeze business operations in Russia and the completion of the acquisition of ETQ. Hexagon will take a one-off charge of approximately 63 MEUR which will impact the first quarter 2022.The majority relates to the freezing of operations in Russia, which includes both a write-off of assets in the balance sheet and personnel costs.