EarningsIt’s only Tuesday and Hexagon has already announced two acquisition this week! Yesterday, it was mining and Devex; today it’s GIS and Airborne Hydrography AB (AHAB), which develops and markets airborne laser survey systems for hydrographic (seabed) and topographic (land) surveys.

The company’s products include the HawkEye bathymetric (underwater) survey system the DragonEye topographic survey system and the Chiroptera airborne LiDAR system. HawkEye is used to create the equivalent of above-water topographic maps, allowing surveyors to detect underwater objects and map deep and shallow waters as well as coastal zones. DragonEye is a pure topographic survey system and the Chiroptera airborne LiDAR is used for shallow water surveys.

According to AHAB, its products will enable Hexagon’s Leica Geosystems business to expand into the deep and shallow water bathymetry and coastal topography markets and complements its existing LiDAR product offering.

Hexagon CEO Ola Rollén said that these types of surveys are “indispensable when it comes to the safety of those that live in coastal regions and the expedited recovery in these areas in the face of the disaster.” Can’t help but wonder if there’s an Intergraph Security, Government and Infrastructure element here — early warning, planning, training, etc. for natural disaster preparedness.

The transaction is subject to customary closing conditions. Financial details were not announced, other than “the acquisition has no significant impact on Hexagon’s earnings”.