Hexagon to acquire Septentrio, revolutionising positioning in mission-critical navigation and autonomy applications
Rhea-AI Summary
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.
Positive
- 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
Negative
- None.
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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
FAQ
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