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Hexagon AB Reviews

Stockholm, Sweden

4.5/ 5

2 reviews

Hexagon AB is a prominent multinational industrial technology company headquartered in Stockholm, Sweden, specializing in digital reality solutions that integrate sensor technology, software, and autonomous systems. Established originally in 1975 as Eken Industri & Handel AB, the company transitioned through an investment-holding model before rebranding as Hexagon AB in the 1990s. A pivotal shift occurred in 2000 under the leadership of Ola Rollén, who redirected the corporate strategy toward precision measurement, geospatial tools, and a comprehensive sensor-software-autonomy stack. Today, Hexagon is publicly traded on the Nasdaq Stockholm exchange and serves vital global industries, including manufacturing, infrastructure, public safety, mobility, agriculture, and mining. The company's core operations are organized into distinct business areas that drive efficiency, productivity, and safety across diverse ecosystems. Its Manufacturing Intelligence division offers advanced metrology systems, computer-aided design (CAD), computer-aided manufacturing (CAM), and computer-aided engineering (CAE) software, which optimize manufacturing processes from design to quality inspection. The Geosystems segment provides reality-capture and visualization solutions, including laser scanners, airborne mapping tools, and geographic information system (GIS) software used to generate accurate 3D models, maps, and digital twins. Through its Autonomous Solutions division, Hexagon combines positioning, perception, and artificial intelligence to enable precision and automated operations in heavy industries like mining and transportation. Additionally, the company provides asset lifecycle information management and public safety solutions. Hexagon’s growth has been heavily accelerated by a robust mergers and acquisitions strategy, having completed over 170 acquisitions. Significant historical milestones include the purchase of Brown & Sharpe’s metrology operations, the acquisition of high-end surveying leader Leica Geosystems, and the buyout of enterprise geospatial software provider Intergraph. More recently, Hexagon completed the sale of its Design & Engineering business to Cadence Design Systems for 2.7 billion euros and announced the acquisition of Waygate Technologies for 1.45 billion dollars to expand into non-destructive testing. The company also executed a portfolio overhaul by spinning off its software unit, Octave Intelligence plc, which began dual listings on Nasdaq Stockholm and Nasdaq New York in May 2026. Financially, Hexagon generates substantial global revenue, with a high exposure to recurring software and subscription streams. The company employs approximately 24,000 people across more than 50 countries. Led by President and CEO Anders Svensson, who assumed office in July 2025, Hexagon continues to pioneer data-driven ecosystems, leveraging cloud integration, edge spatial computing, and artificial intelligence. Its advanced measurement technologies are utilized in high-profile engineering fields, including powering development for Formula 1 powertrains. With its 2026–2030 financial targets focusing on organic revenue growth and strong cash conversion, Hexagon remains committed to driving digital reality and autonomous innovation worldwide.