Hexagon Expands Asset Management with CAD Service Acquisition

Hexagon Strengthens EAM Capabilities through Acquisition

Hexagon's Asset Lifecycle Intelligence (ALI) division has taken a significant step by acquiring CAD Service, a renowned developer known for its innovative visualization tools. This strategic acquisition aims to integrate advanced computer-aided design (CAD) drawings, Building Information Modeling (BIM) models, and Reality Capture data into Hexagon's renowned EAM solution, enhancing how organizations manage their assets.

Partnership History and Future Implications

With a longstanding partnership since 2013, CAD Service has been integral to many of Hexagon's customers who rely on its flagship solution, OpenCAD. This acquisition signifies a natural evolution of their collaboration, paving the way for deeper integration of CAD Service’s unique capabilities into Hexagon's broader offerings. As many as half of Hexagon's Software-as-a-Service (SaaS) clients benefit from OpenCAD’s robust features, highlighting the importance of this acquisition.

Expanding Focus on Complex Industries

By bringing CAD Service’s expertise in-house, Hexagon's ALI division plans to offer comprehensive EAM solutions that address the needs of complex industries such as manufacturing, energy, and transportation. As these sectors increasingly move towards managing their operations in a three-dimensional environment, the integration of cutting-edge visualization tools becomes critical for effective asset management.

Leadership Perspectives on the Acquisition

The acquisition has been described as pivotal by Norbert Hanke, Hexagon's interim President and CEO. He emphasized how CAD Service’s advanced tools will enrich EAM offerings, directly benefiting customers with a more cohesive set of tools for asset management. Hanke noted, "Becoming a part of Hexagon is a natural progression for CAD Service since its contributions have already been vital to our EAM solutions for years." This sentiment encapsulates the operational synergy anticipated from the merger.

Details about CAD Service

Cad Service, based in Parma, Italy, operates with a dedicated team that will now join Hexagon's Asset Lifecycle Intelligence division. The integration is expected to offer clients a seamless experience and enhanced product functionalities, combining the best of both entities.

Conclusion: A Strategic Move for Industry Leaders

The acquisition of CAD Service is a strategic maneuver for Hexagon, signaling its commitment to enhancing asset management solutions. By leveraging advanced visualization tools, Hexagon aims to provide clients with more effective ways to visualize and manage their assets, particularly in industries where precision and efficiency are paramount. This move not only strengthens Hexagon's operational framework but also positions it for future growth and innovation in the asset management sector.

Frequently Asked Questions

What is Hexagon's recent acquisition about?

Hexagon acquired CAD Service to enhance its EAM solutions with advanced visualization tools that integrate CAD, BIM, and Reality Capture data.

Who is CAD Service?

CAD Service is a developer known for creating advanced visualization tools that help in integrating design and modeling data for asset management solutions.

Why is this acquisition significant?

This acquisition allows Hexagon to enhance its capabilities in asset management, addressing the evolving needs of complex industries with improved visualization technology.

What industries will benefit from this acquisition?

Industries such as manufacturing, energy, and transportation will benefit, as the integration of advanced visualization tools is crucial for managing assets effectively.

How does this acquisition impact existing customers?

Existing customers will experience enhanced offerings and more efficient tools for asset management, contributing to improved productivity and operational efficiencies.

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