Hexagon freezes Russian business, books charge

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STOCKHOLM : Measurement technology group Hexagon AB said on Friday it was freezing its operations in Russia in the wake of Moscow's invasion of Ukraine and would book a one-off charge of 63 million euros ($70 million).The Swedish company said in a statement the first-quarter charge was mainly related to t

STOCKHOLM : Measurement technology group Hexagon AB said on Friday it was freezing its operations in Russia in the wake of Moscow's invasion of Ukraine and would book a one-off charge of 63 million euros .

"As previously communicated, Hexagon has already suspended all exports of hardware and software licenses to Russia and is now taking further steps to adapt to the current business situation," Hexagon said.

 

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