Hexagon AB Acquires Projectmates

Hexagon AB Acquires Itus Digital to Expand Asset Performance Management

April 4, 2024

Cloud & SaaS

Hexagon AB acquired Itus Digital, a Roanoke, Virginia-based provider of SaaS asset performance management (APM) software, and will consolidate it into Hexagon’s Asset Lifecycle Intelligence division. The acquisition enhances Hexagon’s HxGN EAM and APM capabilities by integrating Itus’s digital twin and predictive-maintenance platform into its product suite.

Hexagon Acquires 3D Systems' Geomagic Suite and Septentrio NV

April 2, 2025

Manufacturing

Hexagon AB has completed two acquisitions: the Geomagic software suite from 3D Systems and GNSS specialist Septentrio NV. Geomagic will operate within Hexagon’s Manufacturing Intelligence division while Septentrio will be consolidated into Hexagon’s Autonomous Solutions division; the transactions closed following regulatory approvals and are expected to generate one-off integration and separation costs of ~40 MEUR.

Hexagon AB Acquires ETQ

February 25, 2022

Cloud & SaaS

Hexagon AB acquired ETQ, a Massachusetts-based provider of SaaS quality (QMS), EHS and compliance management software, for $1.2 billion in cash on a debt- and cash-free basis. ETQ—headquartered in Burlington, Massachusetts with ~185 employees and expected 2022 revenue of ~$75M—will join Hexagon’s Manufacturing Intelligence division to accelerate Hexagon’s cloud journey and expand its quality-management capabilities across manufacturing and regulated industries.

Hexagon AB Acquires CADS Additive GmbH

July 5, 2023

Software

Hexagon AB has completed the acquisition of CADS Additive GmbH, an Austrian provider of software for metal additive manufacturing build preparation. The purchase expands Hexagon's additive manufacturing software capabilities by integrating CADS Additive's AM Studio build-preparation and support-structure tools into Hexagon's Nexus-enabled AM workflow and Simufact Additive simulation offerings.

Hexagon AB Acquires Xwatch Safety Solutions

April 23, 2024

Manufacturing

Hexagon AB has acquired Xwatch Safety Solutions to strengthen its digital construction safety portfolio. Xwatch provides OEM-agnostic machine control hardware and software (height control, slew control, rated capacity indication) and will be fully consolidated into Hexagon's Geosystem division; Xwatch generated ~4 MEUR revenue in 2023 and has 17 employees mainly in the United Kingdom.

Bottomline Acquires Nexus Systems

September 13, 2022

Payments & Fintech

Bottomline has acquired Nexus Systems, a provider of accounts payable and payments automation software for the real estate and property management industries. The deal—from prior investor Mainsail Partners—will fold Nexus capabilities and suppliers into Bottomline's Paymode‑X network to extend procure‑to‑pay and B2B payments capabilities across the real estate vertical; terms were not disclosed.