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Hexagon to acquire Mintec Inc.

World Coal,

Hexagon AB, a subsidiary of Leica Geosystems, has entered into an agreement to acquire Mintec Inc., a resource modeling, optimisation, mine planning and scheduling software developer for the mining industry.

The US based company, Mintec, has grown a global network of mining professionals providing technology, service and support in complex mining operations across the world. MineSight, the company’s modelling and mine planning brand since 1970, is well-known in the mining industry.

Mining is becoming a more precise practice, and accurate mine planning and scheduling is at the forefront of this change. Hexagon has been active primarily in the operations domain, but the integration of the planning, scheduling and daily production capabilities of Mintec will allow the company to close the loop and control data flow from design and mine planning through extraction and back into life- of-mine planning, providing a comprehensive flow of data across all mining operations.

“The acquisition of planning and scheduling software strengthens our mining solution strategy, providing a platform for comprehensive life-of-mine solutions,” said Hexagon President and CEO, Ola Rollén. “The combination of proven technologies from Leica Geosystems, Devex, SAFEmine and now Mintec, in connection with our geospatial product suite and computer-aided dispatch solutions from Intergraph, we have the tools and technologies to leap ahead of the competition, giving Hexagon a unique position in the market.”

The transaction remains subject to customary closing conditions. Closing is expected no later than June 2014. 

Adapted from press release by Sam Dodson

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