Hexagon AB Acquires Xwatch Safety Solutions

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 HARD-LINE

July 12, 2023

Industrial Services

Hexagon AB has acquired HARD-LINE, a Sudbury-based specialist in mine automation, remote-control solutions and mine production optimization. The acquisition strengthens Hexagon’s life-of-mine technology stack and expands its mining automation and safety capabilities to accelerate tele-remote operation and autonomy in mining operations.

Cadence Acquires Hexagon's Design & Engineering Business

February 26, 2026

Software

Cadence Design Systems completed the acquisition of Hexagon AB's Design & Engineering (D&E) business for approximately €2.7 billion in cash and Cadence common stock. Hexagon received ~3.2 million Cadence shares (about 30% of consideration) with the remainder in cash; the D&E business contributed roughly €265 million of revenue in 2024 and the sale is expected to produce a ~€1.4 billion gain for Hexagon. The deal expands Cadence's capabilities in physical AI, multiphysics and system-level design and analysis.

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 Qognify from Battery Ventures

December 19, 2022

Software

Hexagon AB has agreed to acquire Qognify, a provider of physical-security and incident-management software, from Battery Ventures. Terms were not disclosed and the deal remains subject to customary regulatory review; Hexagon plans to integrate Qognify into its public safety suite to expand capabilities in video surveillance and incident response.

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.