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NACKA STRAND, Sweden , Jan. 17, 2019 /PRNewswire/ -- Hexagon AB, a global leader in digital solutions, today announced the acquisition of j5 International, a market-leading developer of operations management ...
Industrial technology firm Hexagon's (HEXAb.ST) first-quarter core earnings came in below expectations on Friday, with the company citing currency headwinds and a still challenging oil and gas market. The results were also affected by slower growth at the Swedish company's high-margin power, process and marine division (PPM), which only returned to growth in the fourth quarter after being hit by weak demand in the oil and gas sector. Hexagon said it expected growth in the PPM division, which has high exposure to the oil industry, to accelerate in coming quarters after just 1 percent organic growth in January-March.