Mergers strengthen market position

19 March 2008

Topcon Europe positioning has struck a deal to acquire one of the company's top construction distributors, IBS of Hamburg, Germany.

Speaking about IBS, Ewout Korpershoek, of Topcon Europe positioning, said, “Adding their many years of knowledge in road construction to the Topcon organisation will surely strengthen our position in Germany, and provide a solid foundation for further expansion of our activities in Northern Germany.”

Hermann Ibs, managing director of IBS Gmbh, said, “Topcon has a long history of developing innovative solutions for the high accuracy positioning markets, which are advancing rapidly.”

Meanwhile, Hexagon, the parent company of Leica Geosystems, has entered into an agreement to acquire all outstanding shares of the French International GAMFI group of companies (GAMFI group) - a global provider of laser tools and instrumentation.

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