Hexagon AB Acquires ETQ
February 25, 2022
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.
- Buyers
- Hexagon AB
- Targets
- ETQ
- Industry
- Cloud & SaaS
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.