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Key Takeaways
- Hexagon is set to acquire Septentrio NV, a leader in GNSS technology.
- The acquisition aims to enhance innovation and expand market reach in resilient assured positioning solutions.
- Combining Septentrio’s advanced GNSS platform with Hexagon’s sensor fusion technologies is expected to drive advancements in various industries.
- Septentrio is recognized for its commitment to innovation and customer satisfaction and will continue to serve its OEM customers under Hexagon’s umbrella.
- The deal is anticipated to close in the first half of 2025, pending regulatory approvals.
Stockholm, Sweden, 7 January 2025 – In a significant move that promises to reshape the positioning landscape, Hexagon announced the acquisition of Septentrio NV, a renowned provider of Global Navigation Satellite System (GNSS) technologies and solutions. The acquisition is intended to bolster innovation while expanding the reach of Hexagon’s Resilient Assured Positioning solutions across various markets.
A Fusion of Strengths
The collaboration between Septentrio’s pioneering GNSS technology and Hexagon’s expansive positioning portfolio—including sensor fusion, anti-jamming, correction services, and perception technologies—aims to deliver cutting-edge solutions to a diverse range of industries. This strategic partnership aspires to make high-performance positioning technologies more accessible, featuring low Size, Weight, and Power (SWaP) characteristics. The combined efforts are expected to accelerate the adoption of autonomous systems, addressing growing demands within sectors such as robotics, unmanned aerial vehicles (UAVs), and other mission-critical areas.
Commitment to Innovation
With a strong commitment to innovation and customer service, Septentrio claims it will maintain its existing business model of delivering state-of-the-art GNSS solutions to a robust base of OEM customers. This customer-centric approach is anticipated to continue as Septentrio integrates into Hexagon, bringing its market-leading expertise to the broader organization.
The project received enthusiastic endorsement from Norbert Hanke, interim President and CEO of Hexagon, who expressed that, “The combination of Hexagon and Septentrio will transform the positioning industry across existing and new markets, setting new standards for the accuracy, resilience, and scalability of positioning technologies, necessary to support and accelerate the journey towards full autonomy.”
About Septentrio
Based in Leuven, Belgium, Septentrio boasts a workforce of around 150 employees and is projected to generate revenues exceeding 50 million EUR in 2024. The company has been experiencing robust growth and profitability, aligning with Hexagon’s ambitious objectives. Septentrio will be categorized under Hexagon’s Autonomous Solutions division once the acquisition is finalized, which remains contingent on regulatory clearances, with expected completion in the first half of 2025.
Press Contact Information
For additional inquiries, Hexagon’s investor relations contacts are available:
– Tom Hull, Head of Investor Relations, can be reached at +44 7442 678 437 or via email at [email protected].
– Anton Heikenström, Investor Relations Manager, is available at +46 8 601 26 26 or through email at [email protected].
About Hexagon
Hexagon is recognized globally as a leader in precision technologies across various scales. With a workforce of approximately 24,500 employees spanning 50 countries, Hexagon generates net sales of roughly 5.4 billion EUR. The company’s innovations in digital twins, robotics, and artificial intelligence are revolutionizing the industries that shape modern reality. More information can be found at their official website hexagon.com, and they can be followed on social media at @HexagonAB.
About Septentrio
Septentrio holds an ISO 9001 certification as a manufacturer of multi-frequency, multi-constellation GPS and GNSS positioning technologies designed for demanding applications. The company specializes in providing reliable centimeter-level positioning solutions that enhance machine automation, thereby improving operational efficiency and safety. Their technology is utilized across various industrial sectors including robotics, construction, surveying and mapping, maritime logistics, and UAV applications.
With its headquarters in Leuven, Belgium, Septentrio operates globally, maintaining offices in Los Angeles, Shanghai, Seoul, and Yokohama along with numerous partnerships worldwide. Interested parties can discover more about Septentrio and its product offerings by visiting septentrio.com or connecting with them on platforms like LinkedIn, YouTube, Twitter, and GitHub.
