Hexagon Expands Resilient Positioning Solutions with Acquisition of Septentrio NV

Hexagon Expands Resilient Positioning Solutions with Acquisition of Septentrio NV

(IN BRIEF) Hexagon has announced its acquisition of Septentrio NV, a leading provider of Global Navigation Satellite System (GNSS) technologies. This acquisition will combine Septentrio’s advanced GNSS platform with Hexagon’s broader positioning solutions, including sensor fusion and anti-jamming technologies, enabling the development of high-accuracy, low SWaP positioning solutions for autonomous systems, robotics, and other mission-critical applications. Septentrio, based in Leuven, Belgium, will continue to serve its OEM customer base and contribute to Hexagon’s growth. The acquisition is expected to finalize in the first half of 2025, pending regulatory approval.

(PRESS RELEASE) STOCKHOLM, 7-Jan-2025 — /EuropaWire/ —  Hexagon (STO: HEXA-B), a global leader in digital reality solutions, combining sensor, software and autonomous technologies, has announced its agreement to acquire Septentrio NV, a prominent provider of Global Navigation Satellite System (GNSS) technologies, marking a significant step in expanding the reach and capabilities of its Resilient Assured Positioning solutions. This acquisition will unite Septentrio’s cutting-edge GNSS platform with Hexagon’s comprehensive positioning technologies, including sensor fusion, anti-jamming, correction services, and perception technologies. The combined expertise will offer highly accurate and high-performance positioning solutions with minimal Size, Weight, and Power (SWaP), accelerating the adoption of autonomous systems and addressing the growing demands in robotics, UAVs, autonomy, and other critical applications.

Septentrio, renowned for its innovation and commitment to customer satisfaction, will continue to operate as part of Hexagon, supplying advanced GNSS technology to its extensive OEM customer base. The acquisition will drive forward Hexagon’s mission to deliver state-of-the-art positioning solutions that set new industry standards for accuracy, resilience, and scalability, supporting the transition to full autonomy.

Norbert Hanke, interim President and CEO of Hexagon AB, commented, “The integration of Septentrio with Hexagon will revolutionize positioning technologies across a range of industries, pushing the boundaries of precision and scalability required to foster the widespread adoption of autonomous systems.”

Headquartered in Leuven, Belgium, Septentrio employs around 150 people and is expected to generate revenues exceeding 50 million EUR in 2024, with strong growth projections and profit margins aligned with Hexagon’s broader objectives. Following the acquisition, Septentrio will be integrated into Hexagon’s Autonomous Solutions division. The transaction is pending regulatory approval and other customary conditions, with a finalization expected in the first half of 2025.

For further information, please contact:  
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

About Hexagon

Hexagon is the global leader in precision technologies at any scale. Our digital twins, robotics and AI solutions are transforming the industries that shape our reality.   

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.   

SOURCE: Hexagon AB