“Hexagon AB” comes to Lithuania
Published:
19 May 2001 y., Saturday
The Board of “Brown & Sharpe-Precizika” of Vilnius has announced that Sweden’s “Hexagon AB” now controls 53% of the company’s shares.
“Brown & Sharpe-Precizika”- is a Lithuanian daughter company of the world’s biggest metrological equipment producer “Brown & Sharpe Manufacturing Company”, which has recently been purchased by Sweden’s “Hexagon AB”. Beside the Lithuanian “Brown & Sharpe-Precizika”, the Swedish company also acquired “Brown & Sharpe’s” other daughter companies in Germany ( “Leiz”), Italy (“Dea”) and Switzelrand (“Tesa”).
“Brown & Sharpe-Precizika” of Vilnius has been producing and selling its own coordinate measuring machines, components and accessories. “We export 97% of our products to Western markets, with 45% going to the US and the remainder to Switzerland, Italy, Germany, Poland and the Czech Republic”, said Dr.Algimantas Barakauskas, Director General of “Brown & Sharpe-Precizika”. “We hope that with the new shareholder the growth of our company will be even faster and our profits will increase”, continued Mr.Barakauskas.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »