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'''Hexagon AB''' is a publicly listed company headquartered in [[Stockholm]], [[Sweden]].
'''Hexagon AB''' is a multinational industrial technology company.<ref name="1:4:Reuters:07:2021"/> It is a publicly listed company headquartered in [[Stockholm]], [[Sweden]].


Founded in 1992, Hexagon AB is a multinational technology group for [[metrology]] and geoanalytics and the parent company of [[Leica Geosystems]] (Switzerland), among others. With over 24,000 employees, Hexagon AB generated annual sales of approximately €5.2 billion and an operating income of €1,5 billion across 50 countries in 2022.<ref>{{Cite web |title=annual-report-2022 |url=https://investors.hexagon.com/~/media/Files/H/Hexagon-IR-V3/Annual%20Reports/annual-report-2022.pdf}}</ref>
Founded in 1992, Hexagon AB is a multinational technology group for [[metrology]] and geoanalytics. With over 24,000 employees, Hexagon AB generated annual sales of approximately €5.2 billion and an operating income of €1,5 billion across 50 countries in 2022.<ref>{{Cite web |title=annual-report-2022 |url=https://investors.hexagon.com/~/media/Files/H/Hexagon-IR-V3/Annual%20Reports/annual-report-2022.pdf}}</ref>

Between 2000 and 2022, Hexagon completed more than 170 acquisitions,<ref name="annualreport2021"/> and it is the parent company of [[Leica Geosystems]]<ref name="0:12:NewYorkTimes:08:2005"/> and [[Infor|Infor EAM]], among other subsidiaries.<ref name="1:4:Reuters:07:2021"/>

==History==
===1975-2012===
In late 2001, Hexagon AB agreed to buy [[Brown & Sharpe]], a Swedish company focused on [[metrological]] tools, for around US$180 million.<ref name="1:3:NewYorkTimes:11:2000"/>

Hexagon AB acquired [[Leica Geosystems]] after counter-bidding against [[Danaher]] for the company in 2005.<ref name="0:12:NewYorkTimes:08:2005"/>

Hexagon AB acquired the Israel-based 3D optics company [[Amnon Shashua|CogniTens Ltd]] in 2007.<ref name="0:13:Flogbes:2007"/>

The software company [[Intergraph]] was acquired by Hexagon AB in July 2010 for US$2.1 billion.<ref name="0:14:Reuters:2010"/>

===2013-2024===
Hexagon AB acquired [[Vero Software]] in 2014.<ref name="1:8:Reuters:07:2014"/>

Hexagon purchased [[MSC Software]] for US$834 million in 2017, using the acquisition to boost its portfolio of products related to automated manufacturing.<ref name="0:30:Reuters:Feb:2017"/>  

In 2018, Hexagon acquired both [[Earthworks_(engineering)#Calculation_software|AGTEK]]<ref name="1:5:Reuters:03:2018"/> and [[NCSIMUL|Spring Technologies SAS]].<ref name="1:7:LesEchos:04:2019"/>

Hexagon acquired [[Infor|Infor EAM]], a program developed by Infor, from [[Koch]] in 2021. Hexagon paid US$800 million in cash and shares worth $1.95 billion for the purchase, giving Koch a 5% stake in Hexagon.<ref name="1:4:Reuters:07:2021"/>

Hexagon purchased Hard-Line, a radio system company based in [[Ontario]], in July 2023.<ref name="0:19:CBC:07:2023"/>


==Products and services==
==Products and services==
Hexagon contains many solutions by ecosystem, including: <ref>{{Cite web |title=Solutions by Ecosystem |url=https://hexagon.com/solutions |access-date=2023-10-31 |website=hexagon.com |language=en}}</ref>{{Non-primary source needed|date=October 2023}}
With Hexagon developing what it calls "ecosystems" of software programs and technologies for specific purposes, in 2023, the company's official website stated it sold products catered to the following industries: autonomous mobility, buildings, cities and nations, defense, farms, industrial facilitates, infrastructure, manufacturing, and mines.<ref>{{Cite web |title=Solutions by Ecosystem |url=https://hexagon.com/solutions |access-date=2023-10-31 |website=hexagon.com |language=en}}</ref>{{Non-primary source needed|date=October 2023}}
* Autonomous mobility ecosystem
* Buildings ecosystem
* Cities and nations ecosystem
* Defense ecosystem
* Farms ecosystem
* Industrial facilitates ecosystem
* Infrastructure ecosystem
* Manufacturing ecosystem
* Mines ecosystem


==Divisions==
==Divisions==
Hexagon is organized in these divisions:<ref>{{Cite web |title=Divisions |url=https://hexagon.com/divisions |access-date=2022-07-20 |website=hexagon.com |language=en}}</ref>{{Non-primary source needed|date=July 2022}}
The company lists eight internal divisions on its website: Agriculture, Asset Lifecycle Intelligence, Autonomy & Positioning, Geosystems, Manufacturing Intelligence, Mining, Safety, Infrastructure & Geospatial, and Xalt Solutions.<ref>{{Cite web |title=Divisions |url=https://hexagon.com/divisions |access-date=2022-07-20 |website=hexagon.com |language=en}}</ref>{{Non-primary source needed|date=July 2022}}
* Agriculture
* Autonomy & Positioning (A&P)
* Geosystems (GEO)
* Manufacturing Intelligence (MI)
* Mining (MIN)
* Asset Lifecycle Intelligence (ALI)
* Safety, Infrastructure & Geospatial (SIG)
* Xalt Solutions


===List of acquisitions and subsidiaries===
===List of acquisitions and subsidiaries===
Line 53: Line 59:


{| class="wikitable sortable"
{| class="wikitable sortable"
|+
|+ 
|-
|-
! Year !! Company !! Country !! Hexagon division
! Year !! Company !! Country !! Hexagon division{{when?}}
|-
|-
| 2000|| [[Brown & Sharpe]] || {{flag|US}}|| MI
| 2000|| Cubic-Tavleproduktion || {{flag|Denmark}}|| 
|-
|-
| 2000|| Cubic-Tavleproduktion || {{flag|Denmark}}||
| 2000|| Wilcox & Associates || {{flag|US}}|| Manufacturing Intelligence
|-
|-
| 2000|| Wilcox & Associates || {{flag|US}}|| MI
| 2000|| HTR Hydrauliikka || {{flag|Finland}}|| 
|-
|-
| 2001|| [[Brown & Sharpe]]<ref name="1:3:NewYorkTimes:11:2000"/> || {{flag|US}}|| Manufacturing Intelligence
| 2000|| HTR Hydrauliikka || {{flag|Finland}}||
|-
|-
| 2002|| MIRAI S.R.L || {{flag|Italy}}||
| 2002|| MIRAI S.R.L || {{flag|Italy}}|| 
|-
|-
| 2002|| Quality Ltda || {{flag|Brazil}}||
| 2002|| Quality Ltda || {{flag|Brazil}}|| 
|-
| 2002|| CE Johansson || {{flag|Sweden}}|| Manufacturing Intelligence
|-
| 2002|| Xygent || {{flag|US}}|| Manufacturing Intelligence
|-
| 2002|| GFD Technology || {{flag|Germany}}|| 
|-
|-
| 2002|| CE Johansson || {{flag|Sweden}}|| MI
| 2004|| Korea ErFa Systems Eng - Business || {{flag|South Korea}}|| 
|-
| 2004|| [[Romer arm|Romer]] || {{flag|France}} || Manufacturing Intelligence
|-
| 2004|| GPD Sprl - Assets || {{flag|Italy}}|| 
|-
| 2004|| Thona Group || {{flag|Belgium}}|| 
|-
| 2005|| Trostel SEG || {{flag|US}}|| 
|-
|-
| 2005|| [[Leica Geosystems]]<ref name="0:12:NewYorkTimes:08:2005"/>|| {{flag|Switzerland}}|| Geosystems 
| 2002|| Xygent || {{flag|US}}|| MI
|-
|-
| 2002|| GFD Technology || {{flag|Germany}}||
| 2006|| Mikrofyn|| {{flag|Denmark}}|| Geosystems 
|-
| 2007|| Gesswein|| {{flag|Germany}}|| 
|-
| 2007|| Agatec SAS|| {{flag|France}}|| 
|-
|-
| 2004|| Korea ErFa Systems Eng - Business || {{flag|South Korea}}||
| 2007|| Jingjiang Measuring Tool Company|| {{flag|China}}|| Manufacturing Intelligence
|-
|-
| 2004|| Romer || {{flag|France}} || MI
| 2007|| Transmetal|| {{flag|Turkey}}|| 
|-
| 2007|| Allen Precision Equipment|| {{flag|US}}|| Geosystems
|-
| 2007|| NovAtel|| {{flag|Canada}}|| Autonomy & Positioning
|-
| 2007|| Elcome Technologies|| {{flag|India}}|| Geosystems
|-
|-
| 2004|| GPD Sprl - Assets || {{flag|Italy}}||
| 2007|| Gold Key Processing|| {{flag|US}}|| 
|-
|-
| 2004|| Thona Group || {{flag|Belgium}}||
| 2007|| Ionic Software|| {{flag|Belgium}}|| 
|-
| 2007|| Earth Resource Mapping || {{flag|Australia}}|| 
|-
| 2007|| GAMFI International|| {{flag|France}}|| 
|-
|-
| 2005|| Trostel SEG || {{flag|US}}||
| 2007|| Svensk ByggnadsGeodesi|| {{flag|Sweden}}|| Geosystems
|-
|-
| 2005|| [[Leica Geosystems]]|| {{flag|Switzerland}}|| GEO
| 2007|| [[Amnon Shashua|CogniTens Ltd]]<ref name="0:13:Flogbes:2007"/>|| {{flag|Israel}}|| Manufacturing Intelligence
|-
|-
| 2006|| Mikrofyn|| {{flag|Denmark}}|| GEO
| 2008|| Messtechnik Wetzlar|| {{flag|Germany}}|| Manufacturing Intelligence
|-
|-
| 2007|| Gesswein|| {{flag|Germany}}||
| 2008|| Santiago & Cintra Ibérica|| {{flag|Spain}}|| 
|-
|-
| 2007|| Agatec SAS|| {{flag|France}}||
| 2008|| m&h Group|| {{flag|Germany}}|| Manufacturing Intelligence
|-
|-
| 2007|| Jingjiang Measuring Tool Company|| {{flag|China}}|| MI
| 2008|| Viewserve|| {{flag|Sweden}}|| Geosystems
|-
|-
| 2007|| Transmetal|| {{flag|Turkey}}||
| 2008|| Serein Metrology|| {{flag|US}}|| Manufacturing Intelligence
|-
|-
| 2007|| Allen Precision Equipment|| {{flag|US}}|| GEO
| 2009|| Technodigit|| {{flag|France}}|| Manufacturing Intelligence
|-
|-
| 2007|| NovAtel|| {{flag|Canada}}|| A&P
| 2009|| Mahr Multisensor GmbH|| {{flag|Germany}}|| 
|-
| 2009|| MYCRONA GmbH|| {{flag|Germany}}|| 
|-
|-
| 2010|| [[Intergraph]]<ref name="0:14:Reuters:2010"/> || {{flag|US}}|| Safety, Infrastructure & Geospatial/<br>Asset Lifecycle Intelligence 
| 2007|| Elcome Technologies|| {{flag|India}}|| GEO
|-
| 2012 || Microsurvey|| {{flag|Canada}}|| Geosystems 
|-
| 2012|| myVR || {{flag|Norway}}|| CORP 
|-
|-
| 2007|| Gold Key Processing|| {{flag|US}}||
| 2012|| GTA Geoinformatik || {{flag|Germany}}|| 
|-
|-
| 2007|| Ionic Software|| {{flag|Belgium}}||
| 2013|| Pixis || {{flag|Chile}}||Asset Lifecycle Intelligence
|-
|-
| 2007|| Earth Resource Mapping || {{flag|Australia}}||
| 2013|| Airborne Hydrography AB || {{flag|Sweden}}|| Geosystems 
|-
|-
| 2007|| GAMFI International|| {{flag|France}}||
| 2013|| Devex || {{flag|Brazil}}|| Mining
|-
|-
| 2007|| Svensk ByggnadsGeodesi|| {{flag|Sweden}}|| GEO
| 2013|| Navgeocom || {{flag|Russia}}||Geosystems 
|-
|-
| 2007|| CogniTens Ltd|| {{flag|Israel}}|| MI
| 2013|| LISTECH || {{flag|Australia}}||Geosystems 
|-
|-
| 2008|| Messtechnik Wetzlar|| {{flag|Germany}}|| MI
| 2013|| New River Kinematics (NRK) || {{flag|US}}|| Manufacturing Intelligence
|-
|-
| 2008|| Santiago & Cintra Ibérica|| {{flag|Spain}}||
| 2013|| MANFRA || {{flag|Brazil}}||Geosystems
|-
|-
| 2008|| m&h Group|| {{flag|Germany}}|| MI
| 2014|| Aibotix || {{flag|Germany}}|| Geosystems 
|-
|-
| 2008|| Viewserve|| {{flag|Sweden}}|| GEO
| 2014|| HostSure || {{flag|Ireland}}|| Asset Lifecycle Intelligence 
|-
|-
| 2008|| Serein Metrology|| {{flag|US}}|| MI
| 2014|| iLab || {{flag|Brazil}}|| VEN
|-
|-
| 2009|| Technodigit|| {{flag|France}}|| MI
| 2014|| Mintec || {{flag|US}}|| Mining
|-
|-
| 2009|| Mahr Multisensor GmbH|| {{flag|Germany}}||
| 2014|| North West Geomatics Ltd. (North West Group) || {{flag|Canada}}|| Geosystems
|-
|-
| 2009|| MYCRONA GmbH|| {{flag|Germany}}||
| 2014|| SAFEmine || {{flag|Switzerland}}|| Mining
|-
|-
| 2010|| [[Intergraph]] || {{flag|US}}|| SIG/ALI
| 2014|| Arvus || {{flag|Brazil}}|| iHub
|-
|-
| 2014|| [[Vero Software]]<ref name="1:8:Reuters:07:2014"/> || {{flag|United Kingdom}}||Manufacturing Intelligence 
| 2012 || Microsurvey|| {{flag|Canada}}|| GEO
|-
|-
| 2012|| myVR || {{flag|Norway}}|| CORP
| 2015|| Ecosys|| {{flag|US}}|| Asset Lifecycle Intelligence 
|-
|-
| 2012|| GTA Geoinformatik || {{flag|Germany}}||
| 2015|| Q-DAS|| {{flag|Germany}}||Manufacturing Intelligence
|-
|-
| 2013|| Pixis || {{flag|Chile}}||ALI
| 2015|| CAMTECH GmbH & Co KG|| {{flag|Germany}}||Manufacturing Intelligence
|-
|-
| 2013|| Airborne Hydrography AB || {{flag|Sweden}}|| GEO
| 2016|| Apodius GmbH|| {{flag|Germany}}|| Manufacturing Intelligence
|-
|-
| 2013|| Devex || {{flag|Brazil}}|| MIN
| 2016|| Forming Technology, Inc.|| {{flag|Canada}}|| Manufacturing Intelligence
|-
|-
| 2013|| Navgeocom || {{flag|Russia}}||GEO
| 2016|| Multivista|| {{flag|US}}|| Geosystems 
|-
|-
| 2013|| LISTECH || {{flag|Australia}}||GEO
| 2016|| SigmaSpace Corporation || {{flag|US}}||Safety, Infrastructure & Geospatial
|-
|-
| 2013|| New River Kinematics (NRK) || {{flag|US}}||MI
| 2016|| SCCS Survey || {{flag|United Kingdom}}||Geosystems
|-
|-
| 2013|| MANFRA || {{flag|Brazil}}||GEO
| 2016|| AICON 3D Systems || {{flag|Germany}}|| Manufacturing Intelligence
|-
|-
| 2014|| Aibotix || {{flag|Germany}}|| GEO
| 2016|| NESTIX Oy || {{flag|Finland}}||Asset Lifecycle Intelligence
|-
|-
| 2014|| HostSure || {{flag|Ireland}}|| ALI
| 2017|| Catavolt, Inc || {{flag|US}}|| VENT 
|-
|-
| 2014|| iLab || {{flag|Brazil}}|| VEN
| 2017|| [[Luciad]] || {{flag|Belgium}}|| Safety, Infrastructure & Geospatial
|-
|-
| 2014|| Mintec || {{flag|US}}|| MIN
| 2017|| MiPlan || {{flag|Australia}}|| Mining
|-
|-
| 2017|| [[MSC Software]]<ref name="0:30:Reuters:Feb:2017"/>  || {{flag|US}}|| Manufacturing Intelligence
| 2014|| North West Geomatics Ltd. (North West Group) || {{flag|Canada}}|| GEO
|-
|-
| 2014|| SAFEmine || {{flag|Switzerland}}|| MIN
| 2017|| VIRES GmbH || {{flag|Germany}}|| Manufacturing Intelligence
|-
|-
| 2014|| Arvus || {{flag|Brazil}}|| iHub
| 2017|| DST Computer Services || {{flag|Switzerland}}|| Asset Lifecycle Intelligence 
|-
|-
| 2018|| [[Earthworks_(engineering)#Calculation_software|AGTEK]]<ref name="1:5:Reuters:03:2018"/> || {{flag|US}}|| Geosystems 
| 2014|| [[Vero Software]] || {{flag|United Kingdom}}||MI
|-
|-
| 2015|| Ecosys|| {{flag|US}}|| ALI
| 2018|| AutonomouStuff || {{flag|US}}|| Autonomy & Positioning
|-
|-
| 2015|| Q-DAS|| {{flag|Germany}}||MI
| 2018|| [[Bricsys]] || {{flag|Belgium}}|| Asset Lifecycle Intelligence 
|-
|-
| 2015|| CAMTECH GmbH & Co KG|| {{flag|Germany}}||MI
| 2018|| Guardvant || {{flag|US}}|| Mining
|-
|-
| 2016|| Apodius GmbH|| {{flag|Germany}}|| MI
| 2018|| Nextsense || {{flag|Austria}}|| Manufacturing Intelligence
|-
|-
| 2018|| [[NCSIMUL|Spring Technologies SAS]]<ref name="1:7:LesEchos:04:2019"/> || {{flag|France}}|| Manufacturing Intelligence
| 2016|| Forming Technology, Inc.|| {{flag|Canada}}|| MI
|-
|-
| 2016|| Multivista|| {{flag|US}}|| GEO
| 2019|| J5 International || {{flag|Isle of Man}}|| Asset Lifecycle Intelligence 
|-
|-
| 2016|| SigmaSpace Corporation || {{flag|US}}||SIG
| 2019|| Etalon AG || {{flag|Germany}}|| Manufacturing Intelligence
|-
|-
| 2016|| SCCS Survey || {{flag|United Kingdom}}||GEO
| 2019|| Thermopylae Sciences & Technology LLC|| {{flag|US}}|| GSP 
|-
|-
| 2016|| AICON 3D Systems || {{flag|Germany}}|| MI
| 2019|| Split Engineering || {{flag|US}}|| Mining
|-
|-
| 2016|| NESTIX Oy || {{flag|Finland}}||ALI
| 2019|| AMendate ||  {{flag|Germany}}|| Manufacturing Intelligence
|-
|-
| 2017|| Catavolt, Inc || {{flag|US}}|| VENT
| 2019|| Volume Graphics || {{flag|Germany}}|| Manufacturing Intelligence
|-
|-
| 2017|| [[Luciad]] || {{flag|Belgium}}|| SIG
| 2020|| Blast Movement Technology (BMT)|| {{flag|Australia}}|| Mining
|-
|-
| 2017|| MiPlan || {{flag|Australia}}|| MIN
| 2020|| Geopraevent|| {{flag|Switzerland}}|| Geosystems
|-
|-
| 2017|| [[MSC Software]] || {{flag|US}}|| MI
| 2020|| Romax|| {{flag|United Kingdom}}|| Manufacturing Intelligence
|-
|-
| 2017|| VIRES GmbH || {{flag|Germany}}|| MI
| 2020|| PAS Global || {{flag|US}}|| Asset Lifecycle Intelligence 
|-
|-
| 2017|| DST Computer Services || {{flag|Switzerland}}|| ALI
| 2020|| Tacticaware || {{flag|Czech Republic}}|| Geosystems 
|-
|-
| 2018|| AGTEK || {{flag|US}}|| GEO
| 2020|| ESPRIT CAM || {{flag|US}}|| Manufacturing Intelligence
|-
|-
| 2018|| AutonomouStuff || {{flag|US}}|| A&P
| 2020|| CAEfatigue || {{flag|United Kingdom}}|| Manufacturing Intelligence
|-
|-
| 2018|| [[Bricsys]] || {{flag|Belgium}}|| ALI
| 2020|| OxBlue || {{flag|US}}|| Geosystems
|-
|-
| 2018|| Guardvant || {{flag|US}}|| MIN
| 2021|| [[Infor|Infor EAM]]<ref name="1:4:Reuters:07:2021"/> || {{flag|US}}|| Asset Lifecycle Intelligence 
|-
|-
| 2018|| Nextsense || {{flag|Austria}}|| MI
| 2021|| Immersal || {{flag|Finland}}|| Geosystems
|-
|-
| 2018|| Spring Technologies SAS || {{flag|France}}|| MI
| 2021|| CADLM || {{flag|France}}|| Manufacturing Intelligence
|-
|-
| 2022|| ETQ || {{flag|US}}|| Manufacturing Intelligence<ref>[https://hexagon.com/company/newsroom/press-releases/2022/hexagon-completes-acquisition-etq Hexagon completes the acquisition of ETQ], Hexagon</ref>{{better source}}
| 2019|| J5 International || {{flag|Isle of Man}}|| ALI
|-
|-
| 2022|| Innovatia Accelerator<ref>[https://www.prnewswire.com/news-releases/hexagon-furthers-its-commitment-to-innovation-in-the-operations--maintenance-om-segment-with-the-acquisition-of-innovatia-accelerator-301516475.html Hexagon furthers its commitment to innovation in the Operations & Maintenance (O&M) segment with the acquisition of Innovatia Accelerator], Hexagon</ref>{{better source}}|| {{flag|Canada}}|| Asset Lifecycle Intelligence 
| 2019|| Etalon AG || {{flag|Germany}}|| MI
|-
|-
| 2022|| Minnovare || {{flag|Australia}}|| Mining<ref>[https://hexagon.com/company/newsroom/press-releases/2022/mine-solutions-portfolio-acquisition-minnovare Hexagon strengthens its life-of-mine solutions portfolio with the acquisition of Minnovare], Hexagon</ref>{{better source}}
| 2019|| Thermopylae Sciences & Technology LLC|| {{flag|US}}|| GSP
|-
|-
| 2022|| iConstruct Pty Ltd || {{flag|Australia}}|| Asset Lifecycle Intelligence<ref>[https://hexagon.com/company/newsroom/press-releases/2022/hexagon-expands-its-smart-digital-realitytm-capabilities-across-the-construction-sector-with-the-acquisition-of-iconstruct Hexagon expands its Smart Digital Reality capabilities across the construction sector with the acquisition of iConstruct], Hexagon</ref>{{better source}}
| 2019|| Split Engineering || {{flag|US}}|| MIN
|-
|-
| 2019|| AMendate || {{flag|Germany}}|| MI
| 2022|| PDSA Company Limited || {{flag|Ghana}}|| Geosystems 
|-
|-
| 2023|| Qognify || {{flag|United States}}|| Safety, Infrastructure & Geospatial<ref>[https://www.qognify.com/hexagon-ab-acquires-qognify/ Hexagon AB Acquires Qognify], Qognify</ref>{{better source}}
| 2019|| Volume Graphics || {{flag|Germany}}|| MI
|-
|-
| 2023|| CADS Additive || {{flag|Austria}}|| Manufacturing Intelligence<ref>[https://hexagon.com/company/newsroom/press-releases/2023/hexagon-enhances-its-additive-manufacturing-solutions-with-the-acquisition-of-cads-additive Hexagon enhances its additive manufacturing solutions with the acquisition of CADS Additive], Hexagon</ref>{{better source}}
| 2020|| Blast Movement Technology (BMT)|| {{flag|Australia}}|| MIN
|-
|-
| 2023|| Projectmates || {{flag|United States}}|| Geosystems<ref>[https://hexagon.com/company/newsroom/press-releases/2023/hexagon-strengthens-its-construction-software-offering-for-asset-owners-with-the-acquisition-of-projectmates Hexagon strengthens its construction software offering for asset owners with the acquisition of Projectmates], Hexagon</ref>{{better source}}
| 2020|| Geopraevent|| {{flag|Switzerland}}|| GEO
|-
|-
| 2023|| Hard-Line<ref name="0:19:CBC:07:2023"/> || {{flag|Canada}}|| Mining<ref>[https://hexagon.com/company/newsroom/press-releases/2023/hexagon-strengthens-its-mining-automation-and-safety-solutions-with-acquisition-of-hard-line Hexagon strengthens its mining automation and safety solutions with acquisition of HARD-LINE], Hexagon</ref>
| 2020|| Romax|| {{flag|United Kingdom}}|| MI
|-
|- 
|} 
| 2020|| PAS Global || {{flag|US}}|| ALI
|-
| 2020|| Tacticaware || {{flag|Czech Republic}}|| GEO
|-
| 2020|| ESPRIT CAM || {{flag|US}}|| MI
|-
| 2020|| CAEfatigue || {{flag|United Kingdom}}|| MI
|-
| 2020|| OxBlue || {{flag|US}}|| GEO
|-
| 2021|| [[Infor]] EAM || {{flag|US}}|| ALI
|-
| 2021|| Immersal || {{flag|Finland}}|| GEO
|-
| 2021|| CADLM || {{flag|France}}|| MI
|-
| 2022|| ETQ<ref>[https://hexagon.com/company/newsroom/press-releases/2022/hexagon-completes-acquisition-etq Hexagon completes the acquisition of ETQ], Hexagon</ref> || {{flag|US}}|| MI
|-
| 2022|| Innovatia Accelerator<ref>[https://www.prnewswire.com/news-releases/hexagon-furthers-its-commitment-to-innovation-in-the-operations--maintenance-om-segment-with-the-acquisition-of-innovatia-accelerator-301516475.html Hexagon furthers its commitment to innovation in the Operations & Maintenance (O&M) segment with the acquisition of Innovatia Accelerator], Hexagon</ref>|| {{flag|Canada}}|| ALI
|-
| 2022|| Minnovare<ref>[https://hexagon.com/company/newsroom/press-releases/2022/mine-solutions-portfolio-acquisition-minnovare Hexagon strengthens its life-of-mine solutions portfolio with the acquisition of Minnovare], Hexagon</ref> || {{flag|Australia}}|| MIN
|-
| 2022|| iConstruct Pty Ltd<ref>[https://hexagon.com/company/newsroom/press-releases/2022/hexagon-expands-its-smart-digital-realitytm-capabilities-across-the-construction-sector-with-the-acquisition-of-iconstruct Hexagon expands its Smart Digital Reality capabilities across the construction sector with the acquisition of iConstruct], Hexagon</ref> || {{flag|Australia}}|| ALI
|-
| 2022|| PDSA Company Limited || {{flag|Ghana}}|| GEO
|-
| 2023|| Qognify<ref>[https://www.qognify.com/hexagon-ab-acquires-qognify/ Hexagon AB Acquires Qognify], Qognify</ref> || {{flag|United States}}|| SIG
|-
| 2023|| CADS Additive<ref>[https://hexagon.com/company/newsroom/press-releases/2023/hexagon-enhances-its-additive-manufacturing-solutions-with-the-acquisition-of-cads-additive Hexagon enhances its additive manufacturing solutions with the acquisition of CADS Additive], Hexagon</ref> || {{flag|Austria}}|| MI
|-
| 2023|| Projectmates<ref>[https://hexagon.com/company/newsroom/press-releases/2023/hexagon-strengthens-its-construction-software-offering-for-asset-owners-with-the-acquisition-of-projectmates Hexagon strengthens its construction software offering for asset owners with the acquisition of Projectmates], Hexagon</ref> || {{flag|United States}}|| GEO
|-
| 2023|| HARD-LINE<ref>[https://hexagon.com/company/newsroom/press-releases/2023/hexagon-strengthens-its-mining-automation-and-safety-solutions-with-acquisition-of-hard-line Hexagon strengthens its mining automation and safety solutions with acquisition of HARD-LINE], Hexagon</ref> || {{flag|Canada}}|| MIN
|}


==See also==
==See also==
Line 271: Line 278:


==References==
==References==
{{Reflist}}
{{Reflist|refs=

<ref name="0:12:NewYorkTimes:08:2005">{{Citation |year=August 16, 2005 |title=Hexagon raises Leica Geosystems bid | newspaper =[[The New York Times]] |url=https://www.nytimes.com/2005/08/16/business/worldbusiness/hexagon-raises-leica-geosystems-bid.html |access-date=December 31, 2023}}</ref>

<ref name="1:3:NewYorkTimes:11:2000">{{Citation |year=November 18, 2000 |title=Hexagon Buys Measuring Instrument Business | newspaper=[[The New York Times]] |url=https://www.nytimes.com/2000/11/18/business/company-news-hexagon-buys-measuring-instrument-business.html |access-date=}}</ref>

<ref name="1:5:Reuters:03:2018">{{Citation |year=March 15, 2018 |title=Hexagon acquires U.S. software firm AGTEK | newspaper=[[Reuters]] |url=https://www.reuters.com/article/brief-hexagon-acquires-us-software-firm-idUSASO0001ZO/ |access-date=}}</ref>

<ref name="0:13:Flogbes:2007">{{Citation |last=Feldman |first=Batya |year=September 4, 2007 |title=Hexagon buys Israeli 3D optics start-up CogniTens | newspaper =[[Globes]] |url=https://en.globes.co.il/en/article-1000250551 |access-date=December 31, 2023}}</ref>

<ref name="0:14:Reuters:2010">{{Citation |year=July 7, 2010 |title=Sweden's Hexagon buys Intergraph for $2.1 bln | newspaper =[[Reuters]] |url=https://www.reuters.com/article/intergraph-hexagon-idUSLDE66614O20100707/ |access-date=December 31, 2023}}</ref>

<ref name="1:4:Reuters:07:2021">{{Citation |year=July 13, 2021 |title=Sweden's Hexagon buys Infor EAM for $2.7 bln, develops ties with Koch | newspaper=[[Reuters]] |url=https://www.reuters.com/technology/swedens-hexagon-buys-infor-eam-27-billion-2021-07-06/|access-date=December 31, 2023}}</ref>

<ref name="1:8:Reuters:07:2014">{{Citation |year=July 20, 2014 |title=Hexagon says to buy Vero Software w FY2013 sales of about EUR 80 mln | newspaper=[[Reuters]] |url=https://www.reuters.com/article/hexagon-vero-brief-idUKWEB00PZ520140721/ |access-date=December 31, 2023}}</ref>

<ref name="0:30:Reuters:Feb:2017">{{Citation |year=February 2, 2017 |title=Deals of the day-Mergers and acquisitions | newspaper =[[Reuters]] |url=https://www.reuters.com/article/deals-day-idUSL4N1FN2KN/ |access-date=December 31, 2023}}</ref>

<ref name="1:7:LesEchos:04:2019">{{Citation |year=June 20, 2018 |title=Swedish Hexagon acquires Spring Technologies | newspaper=[[Les Echos]] |url=https://capitalfinance-lesechos-fr.translate.goog/deals/sortie/le-suedois-hexagon-soffre-spring-technologies-127813?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc |access-date=December 31, 2023}}</ref>

<ref name="0:19:CBC:07:2023">{{Citation |year=July 17, 2023 |title=Sudbury, Ont.-based Hard-Line sells to Swedish multinational, but local jobs will stay  |publisher=[[CBC]] |url=https://www.cbc.ca/news/canada/sudbury/hard-line-sells-sudbury-jobs-1.6909089 |access-date=December 31, 2023}}</ref>

}}


==External links==
==External links==
*[https://hexagon.com/ Hexagon.com]
{{Hexagon AB}}
{{Hexagon AB}}
{{OMX Stockholm 30 companies}}
{{OMX Stockholm 30 companies}}

Revision as of 16:11, 31 December 2023

Hexagon AB
Company typePublic (Aktiebolag)
Nasdaq Stockholm: HEXA B
OMX Stockholm 30 component
ISINSE0015961909[1]
IndustryCAD/CAM Software, Electronics, Enterprise Software, Geographic Information Systems (GIS), Software, Technology, Technology Consulting.
Founded1992; 32 years ago (1992)
HeadquartersStockholm, Sweden
Area served
Worldwide
Key people
Paolo Guglielmini, CEO
Ola Rollén, Chairman
Melker Schörling AB, Shareholder
RevenueIncrease 5.2 bn EUR (2022)
Increase 1,517.8 MEUR (2022)
Total assetsIncrease16,477.0 MEUR (2022)
Number of employees
24,000 (2022)
Websitehttps://hexagon.com/

Hexagon AB is a multinational industrial technology company.[2] It is a publicly listed company headquartered in Stockholm, Sweden.

Founded in 1992, Hexagon AB is a multinational technology group for metrology and geoanalytics. With over 24,000 employees, Hexagon AB generated annual sales of approximately €5.2 billion and an operating income of €1,5 billion across 50 countries in 2022.[3]

Between 2000 and 2022, Hexagon completed more than 170 acquisitions,[4] and it is the parent company of Leica Geosystems[5] and Infor EAM, among other subsidiaries.[2]

History

1975-2012

In late 2001, Hexagon AB agreed to buy Brown & Sharpe, a Swedish company focused on metrological tools, for around US$180 million.[6]

Hexagon AB acquired Leica Geosystems after counter-bidding against Danaher for the company in 2005.[5]

Hexagon AB acquired the Israel-based 3D optics company CogniTens Ltd in 2007.[7]

The software company Intergraph was acquired by Hexagon AB in July 2010 for US$2.1 billion.[8]

2013-2024

Hexagon AB acquired Vero Software in 2014.[9]

Hexagon purchased MSC Software for US$834 million in 2017, using the acquisition to boost its portfolio of products related to automated manufacturing.[10]  

In 2018, Hexagon acquired both AGTEK[11] and Spring Technologies SAS.[12]

Hexagon acquired Infor EAM, a program developed by Infor, from Koch in 2021. Hexagon paid US$800 million in cash and shares worth $1.95 billion for the purchase, giving Koch a 5% stake in Hexagon.[2]

Hexagon purchased Hard-Line, a radio system company based in Ontario, in July 2023.[13]

Products and services

With Hexagon developing what it calls "ecosystems" of software programs and technologies for specific purposes, in 2023, the company's official website stated it sold products catered to the following industries: autonomous mobility, buildings, cities and nations, defense, farms, industrial facilitates, infrastructure, manufacturing, and mines.[14][non-primary source needed]

Divisions

The company lists eight internal divisions on its website: Agriculture, Asset Lifecycle Intelligence, Autonomy & Positioning, Geosystems, Manufacturing Intelligence, Mining, Safety, Infrastructure & Geospatial, and Xalt Solutions.[15][non-primary source needed]

List of acquisitions and subsidiaries

Between 2000 and 2022, Hexagon completed more than 170 acquisitions.[4] The following table lists major acquisitions by year, also noting the division of Hexagon AB that the acquisition was made a part of. 

 
Year Company Country Hexagon division[when?]
2000 Cubic-Tavleproduktion  Denmark  
2000 Wilcox & Associates  US Manufacturing Intelligence
2000 HTR Hydrauliikka  Finland  
2001 Brown & Sharpe[6]   US Manufacturing Intelligence
2002 MIRAI S.R.L  Italy  
2002 Quality Ltda  Brazil  
2002 CE Johansson  Sweden Manufacturing Intelligence
2002 Xygent  US Manufacturing Intelligence
2002 GFD Technology  Germany  
2004 Korea ErFa Systems Eng - Business  South Korea  
2004 Romer  France Manufacturing Intelligence
2004 GPD Sprl - Assets  Italy  
2004 Thona Group  Belgium  
2005 Trostel SEG  US  
2005 Leica Geosystems[5]   Switzerland Geosystems 
2006 Mikrofyn  Denmark Geosystems 
2007 Gesswein  Germany  
2007 Agatec SAS  France  
2007 Jingjiang Measuring Tool Company  China Manufacturing Intelligence
2007 Transmetal  Turkey  
2007 Allen Precision Equipment  US Geosystems
2007 NovAtel  Canada Autonomy & Positioning
2007 Elcome Technologies  India Geosystems
2007 Gold Key Processing  US  
2007 Ionic Software  Belgium  
2007 Earth Resource Mapping  Australia  
2007 GAMFI International  France  
2007 Svensk ByggnadsGeodesi  Sweden Geosystems
2007 CogniTens Ltd[7]  Israel Manufacturing Intelligence
2008 Messtechnik Wetzlar  Germany Manufacturing Intelligence
2008 Santiago & Cintra Ibérica  Spain  
2008 m&h Group  Germany Manufacturing Intelligence
2008 Viewserve  Sweden Geosystems
2008 Serein Metrology  US Manufacturing Intelligence
2009 Technodigit  France Manufacturing Intelligence
2009 Mahr Multisensor GmbH  Germany  
2009 MYCRONA GmbH  Germany  
2010 Intergraph[8]   US Safety, Infrastructure & Geospatial/
Asset Lifecycle Intelligence 
2012 Microsurvey  Canada Geosystems 
2012 myVR  Norway  CORP 
2012 GTA Geoinformatik  Germany  
2013 Pixis  Chile Asset Lifecycle Intelligence
2013 Airborne Hydrography AB  Sweden Geosystems 
2013 Devex  Brazil Mining
2013 Navgeocom  Russia Geosystems 
2013 LISTECH  Australia Geosystems 
2013 New River Kinematics (NRK)  US Manufacturing Intelligence
2013 MANFRA  Brazil Geosystems
2014 Aibotix  Germany Geosystems 
2014 HostSure  Ireland Asset Lifecycle Intelligence 
2014 iLab  Brazil  VEN
2014 Mintec  US Mining
2014 North West Geomatics Ltd. (North West Group)  Canada Geosystems
2014 SAFEmine   Switzerland Mining
2014 Arvus  Brazil  iHub
2014 Vero Software[9]   United Kingdom Manufacturing Intelligence 
2015 Ecosys  US Asset Lifecycle Intelligence 
2015 Q-DAS  Germany Manufacturing Intelligence
2015 CAMTECH GmbH & Co KG  Germany Manufacturing Intelligence
2016 Apodius GmbH  Germany Manufacturing Intelligence
2016 Forming Technology, Inc.  Canada Manufacturing Intelligence
2016 Multivista  US Geosystems 
2016 SigmaSpace Corporation  US Safety, Infrastructure & Geospatial
2016 SCCS Survey  United Kingdom Geosystems
2016 AICON 3D Systems  Germany Manufacturing Intelligence
2016 NESTIX Oy  Finland Asset Lifecycle Intelligence
2017 Catavolt, Inc  US  VENT 
2017 Luciad  Belgium Safety, Infrastructure & Geospatial
2017 MiPlan  Australia Mining
2017 MSC Software[10]    US Manufacturing Intelligence
2017 VIRES GmbH  Germany Manufacturing Intelligence
2017 DST Computer Services   Switzerland Asset Lifecycle Intelligence 
2018 AGTEK[11]   US Geosystems 
2018 AutonomouStuff  US Autonomy & Positioning
2018 Bricsys  Belgium Asset Lifecycle Intelligence 
2018 Guardvant  US Mining
2018 Nextsense  Austria Manufacturing Intelligence
2018 Spring Technologies SAS[12]   France Manufacturing Intelligence
2019 J5 International  Isle of Man Asset Lifecycle Intelligence 
2019 Etalon AG  Germany Manufacturing Intelligence
2019 Thermopylae Sciences & Technology LLC  US  GSP 
2019 Split Engineering  US Mining
2019 AMendate    Germany Manufacturing Intelligence
2019 Volume Graphics  Germany Manufacturing Intelligence
2020 Blast Movement Technology (BMT)  Australia Mining
2020 Geopraevent   Switzerland Geosystems
2020 Romax  United Kingdom Manufacturing Intelligence
2020 PAS Global  US Asset Lifecycle Intelligence 
2020 Tacticaware  Czech Republic Geosystems 
2020 ESPRIT CAM  US Manufacturing Intelligence
2020 CAEfatigue  United Kingdom Manufacturing Intelligence
2020 OxBlue  US Geosystems
2021 Infor EAM[2]   US Asset Lifecycle Intelligence 
2021 Immersal  Finland Geosystems
2021 CADLM  France Manufacturing Intelligence
2022 ETQ  US Manufacturing Intelligence[16][better source needed]
2022 Innovatia Accelerator[17][better source needed]  Canada Asset Lifecycle Intelligence 
2022 Minnovare  Australia Mining[18][better source needed]
2022 iConstruct Pty Ltd  Australia Asset Lifecycle Intelligence[19][better source needed]
2022 PDSA Company Limited  Ghana Geosystems 
2023 Qognify  United States Safety, Infrastructure & Geospatial[20][better source needed]
2023 CADS Additive  Austria Manufacturing Intelligence[21][better source needed]
2023 Projectmates  United States Geosystems[22][better source needed]
2023 Hard-Line[13]   Canada Mining[23]

 

See also

References

  1. ^ "Hexagon AB - Company Profile and News - Bloomberg Markets".
  2. ^ a b c d "Sweden's Hexagon buys Infor EAM for $2.7 bln, develops ties with Koch", Reuters, July 13, 2021, retrieved December 31, 2023
  3. ^ "annual-report-2022" (PDF).
  4. ^ a b Annual Report 2022, Hexagon
  5. ^ a b c "Hexagon raises Leica Geosystems bid", The New York Times, August 16, 2005, retrieved December 31, 2023
  6. ^ a b "Hexagon Buys Measuring Instrument Business", The New York Times, November 18, 2000
  7. ^ a b Feldman, Batya (September 4, 2007), "Hexagon buys Israeli 3D optics start-up CogniTens", Globes, retrieved December 31, 2023
  8. ^ a b "Sweden's Hexagon buys Intergraph for $2.1 bln", Reuters, July 7, 2010, retrieved December 31, 2023
  9. ^ a b "Hexagon says to buy Vero Software w FY2013 sales of about EUR 80 mln", Reuters, July 20, 2014, retrieved December 31, 2023
  10. ^ a b "Deals of the day-Mergers and acquisitions", Reuters, February 2, 2017, retrieved December 31, 2023
  11. ^ a b "Hexagon acquires U.S. software firm AGTEK", Reuters, March 15, 2018
  12. ^ a b "Swedish Hexagon acquires Spring Technologies", Les Echos, June 20, 2018, retrieved December 31, 2023
  13. ^ a b Sudbury, Ont.-based Hard-Line sells to Swedish multinational, but local jobs will stay, CBC, July 17, 2023, retrieved December 31, 2023
  14. ^ "Solutions by Ecosystem". hexagon.com. Retrieved 2023-10-31.
  15. ^ "Divisions". hexagon.com. Retrieved 2022-07-20.
  16. ^ Hexagon completes the acquisition of ETQ, Hexagon
  17. ^ Hexagon furthers its commitment to innovation in the Operations & Maintenance (O&M) segment with the acquisition of Innovatia Accelerator, Hexagon
  18. ^ Hexagon strengthens its life-of-mine solutions portfolio with the acquisition of Minnovare, Hexagon
  19. ^ Hexagon expands its Smart Digital Reality capabilities across the construction sector with the acquisition of iConstruct, Hexagon
  20. ^ Hexagon AB Acquires Qognify, Qognify
  21. ^ Hexagon enhances its additive manufacturing solutions with the acquisition of CADS Additive, Hexagon
  22. ^ Hexagon strengthens its construction software offering for asset owners with the acquisition of Projectmates, Hexagon
  23. ^ Hexagon strengthens its mining automation and safety solutions with acquisition of HARD-LINE, Hexagon

External links

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