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...
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