Hexagon to acquire Septentrio, revolutionising positioning in mission-critical navigation and autonomy applications
Hexagon has announced an agreement to acquire Septentrio NV, a leading OEM provider of Global Navigation Satellite System (GNSS) technologies. The acquisition aims to drive innovation and expand market reach in Resilient Assured Positioning solutions. Septentrio, based in Leuven, Belgium, employs around 150 people and is projected to generate over 50 MEUR in revenue in 2024, with growth rates and margins aligned with Hexagon Group.
The merger will combine Septentrio's GNSS platform with Hexagon's positioning portfolio, including sensor fusion, anti-jamming, correction services, and perception technologies. This integration will enable high-accuracy positioning solutions with low Size, Weight and Power characteristics, targeting markets such as robotics, UAVs, and autonomous systems. The transaction is expected to close in the first half of 2025, subject to regulatory approvals.
Hexagon ha annunciato un accordo per acquisire Septentrio NV, un importante fornitore OEM di tecnologie del Sistema Globale di Navigazione per Satellite (GNSS). L'acquisizione mira a promuovere l'innovazione e ad ampliare la portata di mercato delle soluzioni di Posizionamento Resiliente e Garantito. Septentrio, con sede a Leuven, in Belgio, impiega circa 150 persone e si prevede genererà oltre 50 milioni di euro di fatturato nel 2024, con tassi di crescita e margini allineati con il Gruppo Hexagon.
La fusione unirà la piattaforma GNSS di Septentrio con il portafoglio di posizionamento di Hexagon, inclusi la fusione dei sensori, la protezione da interferenze, i servizi di correzione e le tecnologie di percezione. Questa integrazione consentirà soluzioni di posizionamento ad alta precisione con caratteristiche di bassa dimensione, peso e consumo energetico, mirando a mercati come la robotica, i UAV e i sistemi autonomi. Si prevede che la transazione si chiuda nel primo semestre del 2025, subordinatamente alle approvazioni normative.
Hexagon ha anunciado un acuerdo para adquirir Septentrio NV, un proveedor OEM líder en tecnologías del Sistema Global de Navegación por Satélite (GNSS). La adquisición tiene como objetivo impulsar la innovación y ampliar el alcance del mercado en soluciones de Posicionamiento Asegurado y Resiliente. Septentrio, con sede en Leuven, Bélgica, emplea a alrededor de 150 personas y se proyecta que generará más de 50 MEUR en ingresos en 2024, con tasas de crecimiento y márgenes alineados con el Grupo Hexagon.
La fusión combinará la plataforma GNSS de Septentrio con el portafolio de posicionamiento de Hexagon, que incluye fusión de sensores, protección contra interferencias, servicios de corrección y tecnologías de percepción. Esta integración permitirá soluciones de posicionamiento de alta precisión con características de bajo Tamaño, Peso y Potencia, apuntando a mercados como la robótica, UAV y sistemas autónomos. Se espera que la transacción se cierre en la primera mitad de 2025, sujeta a aprobaciones regulatorias.
Hexagon은 글로벌 내비게이션 위성 시스템(GNSS) 기술의 주요 OEM 공급업체인 Septentrio NV를 인수하기 위한 계약을 발표했습니다. 이번 인수의 목표는 보장된 회복력 위치 솔루션에서 혁신을 촉진하고 시장 도달 범위를 확장하는 것입니다. 벨기에 루벤에 본사를 두고 있는 Septentrio는 약 150명의 직원을 고용하고 있으며, 2024년에는 5000만 유로 이상의 수익을 창출할 것으로 예상되며, 성장률과 마진은 Hexagon 그룹과 일치합니다.
이번 합병은 Septentrio의 GNSS 플랫폼과 Hexagon의 포지셔닝 포트폴리오를 통합하여 센서 융합, 간섭 방지, 보정 서비스 및 인식 기술을 포함합니다. 이 통합을 통해 로봇 공학, UAV 및 자율 시스템과 같은 시장을 목표로 하는 낮은 크기, 무게 및 전력 특성을 가진 고정밀 위치 솔루션이 가능해집니다. 거래는 규제 승인을 조건으로 2025년 상반기 내에 완료될 것으로 예상됩니다.
Hexagon a annoncé un accord pour acquérir Septentrio NV, un fournisseur OEM de premier plan de technologies de Système Mondial de Navigation par Satellite (GNSS). Cette acquisition vise à stimuler l'innovation et à élargir la portée du marché dans les solutions de Positionnement Assuré et Résilient. Septentrio, basée à Louvain, en Belgique, emploie environ 150 personnes et devrait générer plus de 50 millions d'euros de chiffre d'affaires en 2024, avec des taux de croissance et des marges alignés avec le groupe Hexagon.
La fusion combinera la plateforme GNSS de Septentrio avec le portefeuille de positionnement de Hexagon, incluant la fusion de capteurs, la protection anti-jamming, les services de correction et les technologies de perception. Cette intégration permettra des solutions de positionnement de haute précision avec de faibles caractéristiques de taille, de poids et de consommation d'énergie, ciblant des marchés tels que la robotique, les UAV et les systèmes autonomes. La transaction devrait se clôturer au premier semestre 2025, sous réserve des approbations réglementaires.
Hexagon hat eine Vereinbarung zur Übernahme von Septentrio NV, einem führenden OEM-Anbieter von Technologien für das Globale Navigationssatellitensystem (GNSS), bekannt gegeben. Ziel der Übernahme ist es, Innovationen voranzutreiben und die Marktreichweite im Bereich der widerstandsfähigen und gesicherten Positionierungslösungen zu erweitern. Septentrio, mit Sitz in Leuven, Belgien, beschäftigt etwa 150 Mitarbeiter und wird für 2024 voraussichtlich über 50 Millionen Euro Umsatz generieren, wobei Wachstumsraten und Margen mit der Hexagon-Gruppe übereinstimmen.
Die Fusion wird die GNSS-Plattform von Septentrio mit dem Positionierungsportfolio von Hexagon kombinieren, einschließlich Sensorfusion, Jamming-Schutz, Korrekturservices und Wahrnehmungstechnologien. Diese Integration ermöglicht hochpräzise Positionierungslösungen mit geringen Größen-, Gewichts- und Energieverbrauchseigenschaften, die Märkte wie Robotik, UAVs und autonome Systeme ansprechen. Der Abschluss wird für die erste Hälfte von 2025 erwartet, vorbehaltlich der behördlichen Genehmigungen.
- Expected revenue of over 50 MEUR in 2024 with strong growth rates
- Margins align with Hexagon Group standards
- Strategic expansion into high-growth markets (robotics, UAVs, autonomy)
- Enhancement of technological capabilities through combined GNSS expertise
- None.
Insights
This strategic acquisition significantly strengthens Hexagon's position in the precision positioning technology market. Septentrio's
The integration presents substantial synergy potential in both technology and market access. Septentrio's low SWaP characteristics and OEM focus complement Hexagon's enterprise solutions, potentially accelerating market penetration in robotics and UAV segments. This acquisition is particularly timely given the projected CAGR of 15.8% in the global GNSS market through 2030.
From a technical perspective, this acquisition is transformative for Hexagon's positioning capabilities. Septentrio's advanced GNSS technology, combined with Hexagon's sensor fusion and anti-jamming solutions, creates a comprehensive positioning ecosystem. This integration addresses critical challenges in autonomous navigation, particularly in mission-critical applications where precision and reliability are paramount.
The technology stack resulting from this merger will enable Hexagon to offer enhanced solutions for complex positioning scenarios, especially in GPS-denied environments or areas requiring ultra-precise navigation. For investors, this translates to Hexagon gaining a competitive edge in high-growth markets like autonomous vehicles, precision agriculture and industrial robotics.
Combining Septentrio's pioneering GNSS platform with Hexagon's extensive positioning portfolio, including sensor fusion, anti-jamming, correction services and perception technologies, will enable cutting-edge solutions for diverse markets and applications. This will ensure greater accessibility to high-accuracy and high-performance positioning technology with low SWaP (Size, Weight and Power) characteristics. This will accelerate the adoption of autonomous systems in existing markets and address the needs of emerging high growth segments like robotics, UAVs, autonomy and other mission-critical applications.
Septentrio has built its reputation on innovation and customer focus and will together with Hexagon continue to operate its business model of supplying state of the art GNSS technology and products to its large base of industry leading OEM customers.
"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," said Norbert Hanke, interim President and CEO, Hexagon AB.
Septentrio, headquartered in Leuven,
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
Hexagon is the global leader in precision technologies at any scale. Our digital twins, robotics and AI solutions are transforming the industries that shape our reality.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,500 employees in 50 countries and net sales of approximately
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SOURCE Hexagon
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