Hexagon Acquires ITRES to Strengthen Advanced Airborne Mapping and Multi-Sensor Geospatial Data Capabilities

Hexagon Acquires ITRES to Strengthen Advanced Airborne Mapping and Multi-Sensor Geospatial Data Capabilities

(IN BRIEF) Hexagon AB has acquired ITRES Research Limited, a Calgary-based specialist in airborne hyperspectral and thermal imaging systems, to strengthen its advanced airborne mapping and multi-sensor geospatial data capabilities. The acquisition combines ITRES’ hyperspectral and thermal sensors with Hexagon’s existing airborne sensing and processing portfolio, which includes LiDAR point clouds, high-resolution optical imagery, digital twins, workflow software, flight planning tools and data delivery systems. The combined offering will enable customers to collect richer datasets from a single airborne survey and support more advanced data fusion for ground surface assessment, object classification, material identification and thermal property detection. The technologies are expected to support environmental applications such as urban heat mapping, water quality monitoring, wetlands, forestry, minerals and geology mapping, as well as disaster response uses including fire hotspot detection and georeferenced thermal imagery. ITRES will become part of Hexagon’s Infrastructure & Geospatial Business Area and is expected to generate around €13 million in revenue in 2026.

(PRESS RELEASE) STOCKHOLM, 12-Jun-2026 — /EuropaWire/ — Hexagon AB has acquired ITRES Research Limited, a Calgary-based provider of airborne hyperspectral and thermal imaging systems, strengthening its capabilities in advanced airborne mapping and multi-sensor geospatial data analysis.

The acquisition brings ITRES into Hexagon’s Infrastructure & Geospatial Business Area and expands Hexagon’s ability to provide richer airborne datasets for customers working in geospatial mapping, environmental monitoring, disaster response and advanced analytics.

ITRES adds high-performance hyperspectral and thermal imaging sensors that operate across a wide range of wavelengths. These technologies enable precise material identification and temperature analysis, extending beyond what visible and near-infrared imaging can provide on its own.

The acquisition complements Hexagon’s existing airborne sensing and processing portfolio, which includes LiDAR point clouds, high-resolution optical imagery, digital twins, integrated workflow software, flight planning tools and data delivery systems. By combining these capabilities, Hexagon aims to offer a more complete airborne mapping platform from a single provider.

The combined portfolio will allow customers to collect more analytically powerful datasets from one airborne survey. By fusing hyperspectral and thermal data with LiDAR and optical imagery, users can improve ground surface assessment, object classification, material differentiation and thermal property detection.

Hexagon said the integration will also help customers process, manage and act on complex geospatial data more efficiently through its established software ecosystem. This creates new opportunities for hybrid data collection and data fusion that previously required solutions from multiple vendors.

Anders Svensson, President and CEO of Hexagon, said geospatial professionals increasingly want to extract deeper insights from each airborne survey. He said adding hyperspectral and thermal sensing to Hexagon’s portfolio expands the range of information that can be captured and analysed, helping customers improve classification accuracy, distinguish materials more effectively and obtain more reliable thermal insights.

The acquisition is expected to support a wide range of environmental applications, including urban heat mapping, water quality monitoring, wetlands analysis, minerals and geology mapping, and forestry mapping. It will also strengthen disaster response capabilities, including the detection of active fire hotspots, the identification of people or objects through heat signatures, and the rapid delivery of georeferenced thermal imagery to emergency responders.

Henning Sandfort, President of Hexagon’s Infrastructure & Geospatial Business Area, said ITRES brings exceptional expertise in airborne hyperspectral and thermal imaging. He said the technology portfolios of Hexagon and ITRES are highly complementary and will help Hexagon address the full range of customer needs in advanced airborne mapping.

ITRES will be reported within Hexagon’s Infrastructure & Geospatial Business Area, formerly known as Geosystems, and within the Scanning & Mapping Division. The company is expected to generate revenues of around €13 million in 2026, be accretive to net profit from completion, and initially operate with margins slightly below the Infrastructure & Geospatial Business Area average.

Hexagon is a global measurement technology company providing precision measurement, positioning and autonomous solutions across industries including aerospace and defence, automotive, construction, general manufacturing and mining. The company is listed on Nasdaq Stockholm and has approximately 17,000 employees in 50 countries, with net sales of around €3.7 billion.

About Hexagon:
Hexagon is the global leader in measurement technologies. Our precision measurement, positioning, and autonomous solutions transform the world’s most vital industries. From aerospace & defence, automotive, construction, general manufacturing, to mining and more, we provide the confidence that customers rely on to build, navigate, and innovate.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 17,000 employees in 50 countries and net sales of approximately 3.7bn EUR.

Learn more at hexagon.com. Learn more at hexagon.com.

Media Contact:

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

SOURCE: Hexagon