Hexagon AB Acquires Qognify from Battery Ventures

Qualys Acquires Assets of Blue Hexagon

October 4, 2022

Cybersecurity

Qualys, Inc. acquired the assets of AI/ML cybersecurity provider Blue Hexagon and will integrate Blue Hexagon’s deep-learning network detection capabilities into the Qualys Cloud Platform to provide predictive analytics and real-time threat detection. All Blue Hexagon employees joined Qualys, with Blue Hexagon CEO Nayeem Islam joining as VP of product management; the deal closed on October 4, 2022 and was paid mostly in cash with a portion in stock.

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.

V2X Acquires QinetiQ U.S. Intelligence Business

September 24, 2025

Aerospace & Defense

V2X, Inc. (NYSE: VVX) completed the acquisition of QinetiQ’s U.S. Intelligence business for approximately $24 million (net of estimated tax benefits). The deal brings roughly 70 intelligence, data engineering, and cyber professionals into V2X and expands the company's capabilities and access to critical national security programs.

Synerion Acquires Qumulex to Add Cloud-native Video Surveillance and Access Control

October 7, 2024

IT Services

Synerion USA Inc., a cloud-based workforce management and access control software provider based in Southlake, Texas, has acquired Qumulex Inc., a cloud-native video surveillance and access control platform headquartered in Fishers, Indiana. The acquisition expands Synerion's physical-security and video surveillance capabilities and is intended to integrate Qumulex's cloud platform into Synerion's B2B technology 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.

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.