Hexagon completes the acquisitions of the Geomagic software suite and Septentrio NV
PR Newswire
STOCKHOLM, April 2, 2025
STOCKHOLM, April 2, 2025 /PRNewswire/ -- Hexagon today announced the closing of two acquisitions, following the completion of regulatory approvals and other customary closing conditions:
-- The acquisition of 3D Systems' Geomagic suite of software packages, first
announced on 12 December 2024
-- The acquisition of Septentrio NV, first announced on 7 January 2025
The Geomagic suite will be consolidated as of April 2025 and will operate within Hexagon's Manufacturing Intelligence division. The Geomagic products are used to create high-quality 3D models from multiple sources, including laser scanning. The original announcement, which contains additional information on the acquisition, can be found here.
Septentrio NV will be consolidated as of March 2025 and will operate within Hexagon's Autonomous Solutions division. Septentrio is a market leader in GNSS technologies for mission-critical navigation and autonomy applications and the original announcement can be found here.
Items affecting comparability (non-recurring items), including transaction, overlapping technology and integration costs relating to these acquisitions, as well as costs related to the potential separation of the Asset Lifecycle Intelligence division and related businesses ("NewCo") are expected to amount to 40 MEUR. These costs will be reflected in the first quarter 2025 interim report.
For further information, please contact:
Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26, ir@hexagon.com
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SOURCE Hexagon
(END) Dow Jones Newswires
April 02, 2025 02:10 ET (06:10 GMT)
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