Hexagon agrees to sale of non-core Tesa PMI business

Hexagon AB has entered into an agreement to sell its Tesa PMI (Precision Measurement Instruments) business to Hangzhou Great Star Industrial Company Ltd. This divestment reflects Hexagon’s commitment to focus on core business activities directly accretive to its mid-term growth, margin and cash generation targets.

In 2022 PMI contributed 50.9 million euro in revenues, with below group average profitability, to Hexagon’s Manufacturing Intelligence division.

The Tesa brand is a global market leader in the field of height gauges with a wide range of instruments, including callipers, micrometers, dial gauges, lever-type dial test indicators and inductive probes.

For more information visit www.hexagon.com