Hexagon acquires NextSense, pushes further into automotive and other industries
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Hexagon acquires NextSense, pushes further into automotive and other industries

Hexagon AB, a “global provider of information technology products” that focuses on measurement and metrics for a variety of industries, has acquired NextSense, a company “specializing in non-contact profile measurement and surface inspection in the automotive, railway, steel and aerospace industries.” The move will see Hexagon increase its offerings in, and exposure to, those industries, while NextSense’s market-leading solutions can be rolled out over Hexagon’s much larger global footprint.

Hexagon’s share price is up by 13% so far this year

graph 0406 hexagon

SOURCE: Yahoo Finance

NextSense is an Austrian company, founded in 2007 and based in Graz. It employs more than 80 people, and the company’s “manual, in-line and automated” solutions are “backed with Calipri technology”. This basically means that the technology’s measurement abilities are able to automatically compensate for tilts and rotations during scanning. The value this brings to bear on industry is significant: it lets users “address profile deviations and surface defects immediately with accurate measurement values free of operator influence.”

Hexagon’s president and CEO, Ola Rollén, said: “The cutting-edge technology and algorithms from NextSense provide the necessary analytics to introduce corrective measures sooner. This nicely complements our approach to enabling the smart factory, which is founded on unleashing the full potential of quality data.”

“Additionally, the acquisition extends our breadth of capabilities in automotive fit and finish, as well as in industries such as rail and steel. Together, the combination of sensors, software and advanced analytics from both portfolios will bring added value to all customers while extending the global reach of NextSense solutions to new markets and regions.”

Disclosure

Dominion holds Hexagon AB in its Global Trends Managed Fund.


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