Hexagon’s sales amounted to a record 3.0 bn EUR. Commitment to the core businesses remained strong while the company continued to advance its position as an industry leader and presence in vital markets.
Reflecting the evolution of its skillset to include expertise in areas such as statistical process control and CAD/CAM software and its vision to realise true data-driven manufacturing, Hexagon Metrology became Hexagon Manufacturing Intelligence. In alignment with this strategy, Hexagon acquired Q-DAS, an international software company specialising in statistical process control solutions for industrial manufacturing.
Intergraph Security, Government & Infrastructure rebranded to Hexagon Safety & Infrastructure, a name that more closely aligns the business and its industry-leading solutions with parent company Hexagon. The year also saw the acquisition of EcoSys, a leading provider of project controls software, to strengthen the enterprise engineering portfolio and building information modelling (BIM) strategy.
Hexagon continued to raise the bar of innovation, announcing a strategic partnership with Huawei, a global leader in information and communications technology (ICT) solutions, to deliver smart city solutions. And the introduction of the Hexagon Smart M.App revolutionised the way the world envisions, experiences and communicates geographic information.
The year ended on a new and exciting high note with the extension of the HxGN LIVE conference to Asia- Pacific. The premiere of HxGN LIVE Hong Kong represented the first time the annual international conference was held outside North America.
Hexagon outperformed global economic growth, crediting its success to investments in R&D over the past five years. To better align financial reporting, Hexagon created new reporting segments for 2015 – Geospatial Enterprise Solutions (GES) and Industrial Enterprise Solutions (IES). In sum, the year was of critical importance in strengthening Hexagon’s solution-centric strategy and portfolio.
The year 2014 was an active period for acquisitions. Through the acquisition of Vero Software, Hexagon added CAM (computer-aided manufacturing) software to its portfolio. It also completed the acquisition of North West Geomatics to support its imagery program. Hexagon acquired mining safety technology company SAFEmine and mine planning software company MineSight. Combining them with innovative technologies from Devex Mining and Leica Geosystems, Hexagon created a new business, Hexagon Mining. Within agriculture, Hexagon acquired Arvus and iLab Sistemas. Together with the agriculture business unit of Leica Geosystems, they form Hexagon Agriculture. Hexagon also completed the acquisition of Veripos in 2014, which strengthens its precise navigation and positioning solutions.
Leveraging years of R&D investments, Hexagon Metrology (now Hexagon Manufacturing Intelligence) introduced the revolutionary 360° Smart Inline Measurement Solutions (SIMS) and the new HP-O solution, which maximises the power of optical measurement. Together, Hexagon’s employees, leaders, global footprint, integrated technology portfolio and ability to innovate allow performance on a scale few others can match.
Hexagon expands its presence in the mining industry by acquiring Devex, a leading Brazil-based company in the field of mine management software solutions for open-pit and underground mines.
Software expansion continues with acquisition of Geosoft S.r.l., specialising in modular cartography, digital photogrammetry and mobile mapping solutions, and Manfra, developer of Posição topography software for the surveying sector.
Hexagon’s portable metrology portfolio is strengthened with the acquisition of New River Kinematics, best known for its flagship software, SpatialAnalyzer, a premier portable metrology software solution for large-scale manufacturing applications.
Hexagon premieres HxGN LIVE, a rebrand of its annual international conference, drawing more than 3,500 attendees from more than 80 countries.
Hexagon acquires several companies in the geospatial sector to add to its growing suite of offerings including leading Canadian surveying and mapping software developer, MicroSurvey. Hexagon also acquires My Virtual Reality Software AS (myVR) of Norway, provider of 3D mobile virtual technology, and GTA Geoinformatik GmbH, 3D modelling pioneer.
Hexagon launched a company rebrand to reflect Hexagon’s refined vision for the future. Hexagon hosted its inaugural international conference, Hexagon 2011, in June, drawing more than 2,500 attendees from over 65 countries. In July, Hexagon was reclassified from Sector 20 Industrials to Sector 45 Information Technology in the NASDAQ OMX Stockholm Stock Exchange.
Hexagon partnered with Locata Corporation Pty LTD to create the world’s first GPS-Locata receiver. Hexagon also acquired Denali, a global leader in records management systems, and Augusta Systems, a camera, sensor systems and networks provider. In addition, Hexagon acquired all shares in SISGRAPH Software, which markets solutions for Intergraph in South America.
On 6 July, Hexagon announced the acquisition of U.S.-based software provider Intergraph. The acquisition, part of Hexagon’s software-driven expansion, was finalised on 28 October.
The French software company Technodigit is acquired. The Spatial Systems division of the American company Loyola Enterprises Inc. is acquired. The German optical measuring machine company Mahr Multisensor GmbH and German multisensor manufacturer Mycrona GmbH are acquired.
Hexagon Polymers is distributed to the shareholders of Hexagon and is listed as a separate company Hexpol AB on the NASDAQ OMX Stockholm. The American companies Surveyors Service Company, Haselbach Surveying Instruments, the Spanish Santiago & Cintra Ibérica S.A, the American Advanced Metrology Solutions, the Swedish software company Viewserve, the German software company MTWZ, the German machine tool probe manufacturer m&h Group, the Chinese measuring instruments supplier Serein Metrology and the Australian machine guidance supplier Rinex Technology are acquired.
Johnson Metall AB, Eurosteel AB and Tidamek AB are divested. Within Hexagon Measurement Technologies, the software company Svensk ByggnadsGeodesi AB (SBG), French D&P Systems, Topolaser System and Gamfi, American Allen Precision Equipment, Acquis and Jigsaw Technologies, Australian Earth Resource Mapping (ER Mapper), Turkish Transmetal, software company IONIC, Chinese company JMTC, German Gesswein, CogniTens Ltd in Israel, Canadian NovAtel Inc, Indian Elcome Technologies, R&A Rost Vertriebs and R&A Rost Produktions in Austria, Geopro in Hungary and Junglas in Germany are acquired. Within Hexagon Polymers, the American rubber compounding company Gold Key Processing Ltd is acquired.
As industrial property in Västerås, Sweden, a line of business in Tidamek AB and the shareholding in Tradimus AB are divested. Scanlaser AB, Scanlaser AS, assets of Thaimach Sales & Service Co., Ltd. in Thailand and MIKROFYN A/S are acquired.
The Hexagon Automation business area and tooling company SwePart Verktyg AB are divested. The wheel division of Trostel SEG, Inc. and measurement technologies company Leica Geosystems are acquired.
Metodsvets i Kungälv AB and Tjust Mekaniska Verkstads AB are divested. The shares in the listed company VBG AB are spun off to Hexagon's shareholders. The measurement technologies operations of Korea ErFa Systems Eng. Co, measurement technologies operations of Sheffield Automation LLC, polymer group Thona Group and measurement technologies companies Romer S.A and Romer Inc. are acquired.
Boliden and Hexagon form a joint venture comprising their respective brass operations, Nordic Brass AB and Boliden Gusum AB. Hexagon increase its ownership to 90 per cent in Qingdao Brown & Sharpe Quinshao Technology Co Ltd and Qingdao Brown & Sharpe Trading Co Ltd.
The measurement technologies company C E Johansson, rubber compound company GFD Technology Gmbh, measurement technologies company Quality Ltda and software company Mirai Srl are acquired.
Gustaf Fagerberg AB, Tecla, Johnson Metal Bearing Components and the business area Hexagon Wireless are divested. The US listed measurement technologies company Brown & Sharpe Inc, the software company Wilcox, Cubic Tavleproduktion and HTR Hydrauliikka Oy are acquired.
New management team is hired and new strategies set. The business area Norfoods is divested.
Mr Melker Schörling is elected the Chairman of the Board of Hexagon.
Mr Melker Schörling acquires the controlling stake in Hexagon.
Eken changes its registered name to Hexagon AB.
Hexagon AB is created and a major shareholding in the listed company Eken Industri & Handel AB is acquired.