Hexagon Strengthens Construction Safety Solutions with Xwatch Acquisition

Hexagon Strengthens Construction Safety Solutions with Xwatch Acquisition

(IN BRIEF) Hexagon, a global leader in digital reality solutions, has announced the acquisition of Xwatch Safety Solutions, a provider of machine control hardware and software technologies for enhancing safety protocols on construction sites. Xwatch’s solutions, including height control and rated capacity indication (RCI) for heavy machinery, align with Hexagon’s focus on improving safety in construction. This acquisition reflects Hexagon’s commitment to addressing the increasing demand for safety technologies in the construction industry. Xwatch’s integration into Hexagon’s digital construction product portfolio signifies a step towards providing comprehensive safety solutions for construction customers worldwide.

(PRESS RELEASE) STOCKHOLM, 24-Apr-2024 — /EuropaWire/ — Hexagon, the global leader in digital reality solutions, combining sensor, software and autonomous technologies, announced the acquisition of Xwatch Safety Solutions. Xwatch provides machine control hardware and software technologies designed to enhance safety protocols on construction sites. This includes height control, slew control, and rated capacity indication (RCI) for heavy machinery, allowing operators to limit an excavator’s height and set side boundaries to define a working zone, significantly increasing safety around a machine.

Xwatch has previously partnered with Hexagon’s Geosystem division to develop the 3D Avoidance Zone system, an integral part of the digital construction product suite.

“Safety is an increasing focus for our construction customers,” said Paolo Guglielmini, President and CEO, Hexagon. “Technologies like Xwatch’s solutions are already mandatory in public contracts within the UK, and we see this trend extending further in future. The team at Xwatch have developed an impressive array of OEM agnostic solutions which address a real customer need and fit seamlessly into our digital construction product portfolio. I am excited to have them join us at Hexagon.”

In 2023, Xwatch generated revenues of around 4 MEUR, with operating margins slightly below the Geosystem’s division average. Xwatch has 17 employees, mainly within the UK, and will be fully consolidated in April.

Hexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications.

Our technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,500 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

Media Contacts:

Tom Hull
Head of Investor Relations, Hexagon AB
+44 7442 678 437
ir@hexagon.com

Anton Heikenström
Investor Relations Manager, Hexagon AB
+46 8 601 26 26
ir@hexagon.com

SOURCE: Hexagon AB