Hexagon, a Swedish company supplying metrology solutions for industry, is negotiating its sale, WSJ reports with reference to its sources.
Negotiations are at an early stage, and Hexagon can abandon this idea, the sources clarify.
Capitalization of Hexagon amounts to about 130 billion Swedish kronor ($15 billion), so the transaction cost could reach $20 billion.
The company is considering its sale for two reasons: because of the case of insider trading against its CEO Ola Rollin and because of the deteriorating health of its key shareholder Melker Sherling. The latter owns Melker Schörling AB, to which more than 25% of shares in Hexagon belongs, as well as it enjoys about half of the voting rights.
