Rocscience multiple ‘high’, but prospects good

Hexagon CEO Anders Svensson says the company remains in a strong position to make further acquisitions after its US$2 billion-plus of deals this year, including the recently announced $535 million purchase of Canada’s Rocscience.

“Our balance sheet remains very strong with net debt/EBITDA at 0.3x at the end of Q3,” he said after Hexagon reported its third-quarter financial results.

“If the announced acquisitions are included the KPI would be 1.4x.

“We have a very strong M&A funnel actually across the whole group within all the business areas and divisions.