Positioning and measurement technologies don't often get all that
much attention, even though they're essential to a wide range of
industries. With that, Sweden's Hexagon AB (OTCPK:HXGBY)
may be one of the more obscure $10 billion-plus companies out there.
Even so, this company is leader across its markets and is in the early
stages of a transition from a hardware-centric capital good company to a
software-driven technology company that can offer integrated
positioning, measurement, design, and planning products to a wide range
of industries.
It's hard to call Hexagon AB cheap right now, but
then none of its peers really are either. Hexagon's core markets often
long-term growth rates in the mid to high single digits, with
significant margin leverage potential with the shift towards more
software and services in the mix. Given growth potential well above the
norm, I don't think Hexagon is overpriced today and I believe these
shares offer attractive leverage to markets like smart agriculture,
energy, construction, emerging market manufacturing, and 3D printing.
Read more here:
Hexagon Looks To Find New Applications For Market-Leading Technologies
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