The acquisition will strengthen Hexagon’s software offerings, supporting the growing need to integrate all data and processes across the manufacturing lifecycle. Hexagon is a leading provider of integrated design, measurement and visualisation technologies worldwide. Backed by leading Technology investors Battery Ventures, Vero is a high growth company which recently achieved 24th place in the UK’s Sunday Times Profit Track 100 league table. As we develop this approach further, our experience of leveraging data from all phases of the manufacturing process will help create the Autonomous Connected Ecosystems (ACE) that will enable Smart Factories.Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Vero Software Limited (“Vero”) on its sale to Hexagon AB (NASDAQ OMX Stockholm: HEXA B).įounded in 1988 and with headquarters in the UK, Vero is the leading global independent provider of Computer Aided Manufacturing software, with a presence in over 40 countries and more than 20,000 customers on maintenance worldwide.
Norbert Hanke, president of Hexagon’s Manufacturing Intelligence division, adds, “The formation of the Production Software business complements our design and engineering and metrology businesses, enabling us to build unique solutions for our customers in manufacturing. We’re all excited at the prospect of what’s possible now creating innovative manufacturing intelligence solutions in the production software space.” Our technology experts from Vero, FASys and SPRING have been working very closely together for some time, so operating together as a single entity is a natural step for us. “We’re increasingly focused on developing product synergies that will help customers improve quality and productivity. “Over the last five years our available technology and solutions have evolved considerably from the CAD CAM heritage of Vero,” explains Steve Sivitter, CEO of the Production Software business. Combining components of this technology portfolio has allowed Hexagon to develop solutions for reverse engineering and on-machine measurement.
SPRING Technologies, acquired in 2018, provides CNC simulation technology for G-code verification and workflow optimization. The 2017 acquisition of FASys brought tooling and resource management software and shop-floor automation and integration expertise into the portfolio. Hexagon acquired Vero Software, a specialist in CAD CAM software, in 2014. 7 the formation of its Production Software business, comprising Vero Software (Gloucestershire, UK), FASys (Cologne, Germany) and SPRING Technologies (Boston, MA, US). Hexagon Manufacturing Intelligence (North Kingstown, RI, US) announced on Jan.
Vero Software, FASys and SPRING Technologies have been combined under the Hexagon brand. Hexagon unveils production software business
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