Hexagon Enhances Capabilities through Strategic Acquisitions
Acquisitions Mark a New Era for Hexagon
Hexagon has recently made significant moves in the technology sector by completing the acquisitions of important software assets. These acquisitions promise to enhance its offerings in various fields such as manufacturing intelligence and autonomous solutions.
Consolidation of Geomagic Software Suite
The acquisition of 3D Systems' Geomagic suite, announced late last year, is a pivotal step for Hexagon as it integrates this innovative software into its Manufacturing Intelligence division. Geomagic's capabilities in transforming data into high-quality 3D models from various sources, including laser scanning, will enhance Hexagon's product range significantly.
Benefits to Manufacturing Processes
With the Geomagic suite coming onboard, manufacturing processes can expect improved accuracy and efficiency. Companies will have access to advanced modeling capabilities which will streamline operations and support greater innovation in product development.
Strategic Acquisition of Septentrio NV
Hexagon also finalized its acquisition of Septentrio NV, a leader in GNSS technologies used for critical navigation and autonomy applications. This acquisition reinforces Hexagon's position in the autonomous solutions segment and expands its capabilities in precision GNSS offerings.
Innovations in Navigation Technologies
The integration of Septentrio's advanced navigation technologies into Hexagon’s portfolio marks a crucial advancement for industries relying on precision location services. This will significantly benefit sectors such as automotive and robotics, where accuracy and reliability are paramount.
Financial Impact and Future Outlook
While these acquisitions bring a wealth of opportunities, they also introduce expected costs associated with overlapping technologies and integrations. Hexagon anticipates non-recurring items related to the transactions to amount to approximately 40 MEUR. These costs will be reflected in their forthcoming financial reports.
Long-Term Growth Strategy
Hexagon’s focus on expanding its technological capabilities through targeted acquisitions showcases a proactive approach to growth. By integrating these assets, Hexagon is not just absorbing technology but also setting the stage for long-term innovations that could reshape the industry landscape.
Company Contacts for Investor Relations
For further inquiries, Hexagon has made available contact information for their investor relations team:
Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437.
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26.
Frequently Asked Questions
What acquisitions did Hexagon complete recently?
Hexagon completed the acquisitions of 3D Systems' Geomagic software suite and Septentrio NV.
What sector will the Geomagic suite be part of?
The Geomagic suite will be part of Hexagon's Manufacturing Intelligence division.
What is Septentrio NV known for?
Septentrio NV is recognized for its leadership in GNSS technologies for mission-critical navigation and autonomy applications.
What financial impacts are expected from these acquisitions?
Hexagon expects non-recurring costs related to these acquisitions to reach around 40 MEUR.
How can investors contact Hexagon for more information?
Investors can contact Tom Hull or Anton Heikenström at Hexagon for further information.
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