date:Mar 28, 2013
Hexagon shares, according to the firm's website.
Since then, Hexagon has lowered its net debt to earnings before interest, tax, depreciation and amortization ratio to its target of 2.5 to attain investment grade on any notes it issues, down from about five after Intergraph was acquired in 2010.
That still leaves it well above the Swedish engineering companies against which it is measured, despite now generating more than half its sales from software. Atlas Copco's net debt to EBITDA ratio is 0