Leuven, Belgium, 09-Oct-2017 — /EuropaWire/ — Luciad, a leading provider of high performance geospatial situational awareness technology that powers the world’s mission critical operations, announces that it has been acquired by Hexagon AB, a global provider of information technologies that drives productivity and quality across geospatial and industrial enterprise applications.
“This acquisition strengthens Hexagon’s ability to deliver smart digital realities, enhancing our Smart M.App platform with 3D, 4D (real-time sensor feed integration) and 5D (dynamic analytics) capabilities,” said Hexagon President and CEO Ola Rollén. “The ability to rapidly integrate sensor data in a visually compelling environment provides the geospatial location intelligence and situational awareness necessary for mission critical operations.”
Hexagon’s solutions integrate sensors, software, domain knowledge, and customer workflows into intelligent information ecosystems that deliver actionable information. Luciad provides visualization and real-time geospatial information to the defense, aviation and safety industries. Supporting Hexagon’s vision of rapidly fusing the real and digital worlds, Luciad provides a powerful connection to capturing sensor data and delivering IT information services.
“By combining the strengths of our companies, we can deliver an even more compelling offering to our customers. Our complementary technologies will give us scale to grow in both our core markets and emerging sectors, in addition to enabling us to pioneer innovations in the areas of IoT, Smart City, and other emerging markets,” comments Marc Melviez, Group CEO & Director, Luciad.
Luciad will become a fully owned subsidiary of Hexagon and operate under its Geospatial division. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 18,000 employees in 50 countries and net sales of approximately 3.1bn EUR. Learn more at www.hexagon.com
About Luciad Luciad delivers geospatial software solutions that power the world’s mission critical operations. Our applications simplify the lives of developers and end users with advanced visual analytics that allow them to unlock the potential of real time location intelligence and create the foundations for next generation geospatial systems. “Connect, visualize, analyze, act” is both our method and our motto. www.luciad.com
CONTACT LUCIAD FOR MORE INFORMATION:
Lida Joly Geraldine Fernandez
Chief Marketing Officer, Luciad Senior Account Director, SAY Communications
+32 16 23 95 91 / email@example.com +44 (0) 20 8971 6400 / firstname.lastname@example.org
CONTACT HEXAGON FOR MORE INFORMATION:
Maria Luthström Investor Relations Manager, Hexagon AB +46 8 601 26 27 / email@example.com