Hexagon AB is a multinational industrial technology company. Headquartered in Stockholm, Sweden, and publicly traded on the Nasdaq Stockholm exchange, the company since 2000 has had a particular focus on measuring technology and geospatial tools and software. After its founding, between 2000 and 2022, Hexagon completed more than 170 acquisitions, and it is the parent company of Leica Geosystems and Infor EAM, among other subsidiaries. With around 24,000 employees, the company reported net sales of approximately 3.7billion EUR and total assets of 17.1billion in 2025.
History 1975–2012 Headquartered in Stockholm, Sweden, the predecessor company of Hexagon AB was founded on August 29, 1970 . The company was described as a "sprawling conglomerate" investing in diverse industries, for example seafood imports, vehicle hydraulics, and day-care centers. Financier Melker Schörling bought a controlling stake in the company in 1998, and aimed to focus the company's investments.
In 2000, Ola Rollén, former CEO of Kanthal, was appointed by Schörling to be CEO of Hexagon AB. The company began acquiring companies focused on precision measurement technology and software, and divesting in other areas. In late 2001,Hexagon AB agreed to buy Brown & Sharpe, a US company focused on metrological tools, for around US$180 million. Hexagon AB also acquired Leica Geosystems after counter-bidding against Danaher for the company in 2005. Hexagon AB acquired the Israel-based 3D optics company CogniTens Ltd in 2007. The software company Intergraph was acquired by Hexagon AB in July 2010 for US$2.1 billion.
2013–2021 Hexagon AB acquired Vero Software in 2014. In 2016, the top five shareholders in Hexagon included Schörling, Ramsbury Invest, SSB CI Omnibus, Swedbank Robur Fonder and JPM Chase. Schorling served as chairman, although he stepped down in October 2016 due to health issues. Hexagon purchased MSC Software for US$834 million in 2017, using the acquisition to boost its portfolio of products related to automated manufacturing.In 2018, Hexagon acquired both AGTEK and Spring Technologies SAS.
In 2016, Hexagon's CEO Ola Rollén was detained in Sweden over allegations of insider trading. The transaction did not involve Hexagon and he continued to serve as CEO of Hexagon. Rollén was acquitted in 2018, then again found not guilty by an Oslo appeals court in 2019. 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.
2022–2025 Ola Rollén stepped down as Hexagon CEO at the end of 2022, becoming chairman of the board. Former COO Paolo Guglielmini became president and CEO. Hexagon purchased Hard-Line, a radio system company based in Ontario, in July 2023, and in November 2023, Hexagon led a US$230 million funding round in the industrial AI company Divergent Technologies. Hexagon's revenues in 2023 were US$5.5 billion. Assets were $18.1 billion, profits were $1.1 billion, and the company listed 24,000 employees in 50 countries.
On November 11, 2024, it was announced that Paolo Guglielmini was stepping down as CEO and that Norbert Hanke would be serving as interim CEO. Hexagon also announced its exploration of a possible split of the company into Hexagon AB and a new corporation, which would focus on Enterprise Industrial Software. On the 20th of January the following year Hexagon announced that Anders Svensson would take over the position of President and CEO. He officially took office on July 20.
In September 2025, Cadence Design Systems announced it would acquire the design and engineering business of Hexagon for €2.7 billion (approximately $3.16 billion) in a stock-and-cash deal. The acquisition includes MSC Software which Hexagon acquired in 2017.
Products and services Hexagon is a technology and software firmknown for specializing in measurement and positioning systems. According to Reuters in 2023, Hexagon's products are used for "measurement and quality inspection in manufacturing processes and engineering plant design, as well as in infrastructure planning, construction, mining, agriculture and energy." 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 facilities, infrastructure, manufacturing, and mines.
Divisions Hexagon AB is organized into divisions, listing five internal divisions on its website: Asset Lifecycle Intelligence, Autonomous Solutions, Geosystems, Manufacturing Intelligence, and Safety, Infrastructure & Geospatial.
List of acquisitions and subsidiaries Between 2000 and 2022, Hexagon completed more than 170 acquisitions.Annual Report 2022, Hexagon 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 2000 Cubic-Tavleproduktion 2000 Wilcox & Associates Manufacturing Intelligence 2000 HTR Hydrauliikka 2001 Brown & Sharpe Manufacturing Intelligence 2002 MIRAI S.R.L 2002 Quality Ltda 2002 CE Johansson Manufacturing Intelligence 2002 Xygent Manufacturing Intelligence 2002 GFD Technology 2004 Korea ErFa Systems Eng – Business 2004 Romer Manufacturing Intelligence 2004 GPD Sprl – Assets 2004 Thona Group 2005 Trostel SEG 2005 Leica Geosystems Geosystems 2006 Mikrofyn Geosystems 2007 Gesswein 2007 Agatec SAS 2007 Jingjiang Measuring Tool Company Manufacturing Intelligence 2007 Transmetal 2007 Allen Precision Equipment Geosystems 2007 NovAtel Autonomy & Positioning 2007 Elcome Technologies Geosystems 2007 Gold Key Processing 2007 Ionic Software 2007 Earth Resource Mapping 2007 GAMFI International 2007 Svensk ByggnadsGeodesi Geosystems 2007 CogniTens Ltd Manufacturing Intelligence 2008 Messtechnik Wetzlar Manufacturing Intelligence 2008 Santiago & Cintra Ibérica 2008 m&h Group Manufacturing Intelligence 2008 Viewserve Geosystems 2008 Serein Metrology Manufacturing Intelligence 2009 Technodigit Manufacturing Intelligence 2009 Mahr Multisensor GmbH 2009 MYCRONA GmbH 2010 Intergraph Safety, Infrastructure & Geospatial/Asset Lifecycle Intelligence 2012 Microsurvey Geosystems 2012 myVR CORP 2012 GTA Geoinformatik 2013 Pixis Asset Lifecycle Intelligence 2013 Airborne Hydrography AB Geosystems 2013 Devex Mining 2013 Navgeocom Geosystems 2013 LISTECH Geosystems 2013 New River Kinematics (NRK) Manufacturing Intelligence 2013 MANFRA Geosystems 2014 Veripos Autonomy & Positioning 2014 Aibotix Geosystems 2014 HostSure Asset Lifecycle Intelligence 2014 iLab VEN 2014 Mintec Mining 2014 North West Geomatics Ltd. (North West Group) Geosystems 2014 SAFEmine Mining 2014 Arvus iHub 2014 Vero Software Manufacturing Intelligence 2015 EcoSys Asset Lifecycle Intelligence 2015 Q-DAS Manufacturing Intelligence 2015 CAMTECH GmbH & Co KG Manufacturing Intelligence 2016 Apodius GmbH Manufacturing Intelligence 2016 Forming Technology, Inc. Manufacturing Intelligence 2016 Multivista Geosystems 2016 SigmaSpace Corporation Safety, Infrastructure & Geospatial 2016 SCCS Survey Geosystems 2016 AICON 3D Systems Manufacturing Intelligence 2016 NESTIX Oy Asset Lifecycle Intelligence 2017 Catavolt, Inc VENT 2017 Luciad Safety, Infrastructure & Geospatial 2017 MiPlan Mining 2017 MSC Software Manufacturing Intelligence 2017 VIRES GmbH Manufacturing Intelligence 2017 DST Computer Services Asset Lifecycle Intelligence 2018 AGTEK Geosystems 2018 AutonomouStuff Autonomy & Positioning 2018 Bricsys Asset Lifecycle Intelligence 2018 Guardvant Mining 2018 Nextsense Manufacturing Intelligence 2018 Spring Technologies SAS Manufacturing Intelligence 2019 J5 International Asset Lifecycle Intelligence 2019 Etalon AG Manufacturing Intelligence 2019 Thermopylae Sciences & Technology LLC GSP 2019 Split Engineering Mining 2019 AMendate Manufacturing Intelligence 2019 Volume Graphics Manufacturing Intelligence 2020 Blast Movement Technology (BMT) Mining 2020 Geopraevent Geosystems 2020 Romax Manufacturing Intelligence 2020 PAS Global Asset Lifecycle Intelligence 2020 Tacticaware Geosystems 2020 ESPRIT CAM Manufacturing Intelligence 2020 CAEfatigue Manufacturing Intelligence 2020 OxBlue Geosystems 2021 Infor EAM Asset Lifecycle Intelligence 2021 Immersal Geosystems 2021 CADLM Manufacturing Intelligence 2022 ETQ Manufacturing IntelligenceHexagon completes the acquisition of ETQ, Hexagon 2022 Innovatia AcceleratorHexagon furthers its commitment to innovation in the Operations & Maintenance (O&M) segment with the acquisition of Innovatia Accelerator, Hexagon Asset Lifecycle Intelligence 2022 Minnovare MiningHexagon strengthens its life-of-mine solutions portfolio with the acquisition of Minnovare, Hexagon 2022 iConstruct Pty Ltd Asset Lifecycle IntelligenceHexagon expands its Smart Digital Reality capabilities across the construction sector with the acquisition of iConstruct, Hexagon 2022 PDSA Company Limited Geosystems 2023 Qognify Safety, Infrastructure & Geospatial 2023 CADS Additive Manufacturing IntelligenceHexagon enhances its additive manufacturing solutions with the acquisition of CADS Additive, Hexagon 2023 Projectmates GeosystemsHexagon strengthens its construction software offering for asset owners with the acquisition of Projectmates, Hexagon 2023 Hard-Line MiningHexagon strengthens its mining automation and safety solutions with acquisition of HARD-LINE, Hexagon 2024 Xwatch GeosystemsHexagon acquires Xwatch to strengthen its construction safety portfolio, Hexagon 2024 Itus Digital Asset Lifecycle IntelligenceHexagon acquires Itus Digital to expand Asset Performance Management capabilities, Hexagon 2024 Voyansi GeosystemsHexagon acquires Voyansi to enhance its BIM solutions portfolio, Hexagon2024 indurad Autonomous Solutions2025 Septentrio Autonomous SolutionsHexagon to acquire Septentrio, revolutionising positioning in mission-critical navigation and autonomy applications, Hexagon2025 CONET Communications GmbH Safety, Infrastructure & GeospatialHexagon to acquire CONET Communications assets to strengthen public safety capabilities, Hexagon
See also
List of largest Swedish companies List of largest Nordic companies S&P Europe 350 Dividend Aristocrats Internet of things
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