HEXA - HEXA STOCK NEWS

ETQ, a Hexagon company, marked significant achievements in Q4 2024, strengthening its position in quality management systems (QMS). The company launched its ETQ Reliance Predictive Quality Analytics solution, powered by AI technology from Acerta Analytics, enabling automated early detection and proactive resolution of manufacturing quality issues.

The quarter saw notable customer expansion across various sectors including heavy industry, manufacturing, food & beverage, electronics, life sciences, and aerospace. New clients included Bray International, CoreWeave, and Koch Ag & Energy Solutions, while existing customers like Cosmo Pharmaceuticals and Keurig Dr Pepper expanded their ETQ Reliance implementation.

ETQ hosted its 2024 ETQ Reliance Customer Conference in Dallas, featuring presentations from leading brands like Hitachi Energy and Kimberly-Clark. The company also conducted its Innovation Excellence Awards, with RR Donnelley winning for improving environmental health & safety performance through ETQ Reliance.

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 AB has announced that its nomination committee proposes Björn Rosengren as new Vice Chairman of the Board at the Annual General Meeting on May 5, 2025. This move is part of succession planning as current Chairman Ola Rollén has indicated his intention to step down at the 2026 AGM after 26 years on the board. Rosengren, who previously served as CEO of ABB and Sandvik AB, will be positioned to take over the chairmanship. The announcement also notes that board member Brett Watson will not seek re-election in 2025.

Hexagon is a global leader in precision technologies with approximately 24,500 employees across 50 countries and net sales of about 5.4bn EUR.

SimScale and Hexagon's Manufacturing Intelligence division have announced a strategic partnership to deliver advanced structural analysis capabilities through a cloud-native platform. The collaboration integrates Hexagon's Marc nonlinear finite element solver into SimScale's browser-based platform as a Software-as-a-Service (SaaS) solution. This partnership aims to democratize access to advanced simulation tools, enabling engineering teams of all sizes to perform complex structural analyses without requiring extensive technical expertise or specialized IT infrastructure. The platform features live in-product support and has been ranked first in user satisfaction in the Simulation & CAE Software category by G2.

Hexagon has announced the acquisition of indurad, a German-based leader in radar and Real-Time Location Systems technologies, along with its autonomous haulage subsidiary, xtonomy. The acquisition aims to enhance mine safety through advanced radar-based collision avoidance systems and increase productivity via real-time ore tracking. indurad reported revenues of approximately 19 MEUR in 2023 and has 140 employees globally. The transaction is expected to close in late November, with indurad being consolidated into Hexagon's Autonomous Solutions division. While initially below Hexagon Group levels, profitability is expected to improve as synergies are realized.

Hexagon AB announces plans to evaluate separating its Asset Lifecycle Intelligence (ALI) business through a Lex Asea distribution to shareholders. The new company ('NewCo') would include ETQ, Bricsys, and Utilities & Infrastructure businesses. NewCo, with approximately 5,000 employees, generated revenues of EUR 980 million with a 35% adjusted operating margin. The remaining Hexagon business has 19,600 employees with revenues of EUR 4,408 million and 28% adjusted operating margin. Mattias Stenberg, current ALI division President, would lead NewCo. The separation process is expected to take 12-18 months and requires board and shareholder approval.

Nearmap, a global leader in location intelligence solutions, has announced the expansion of its imagery coverage across the U.S. through a partnership with Hexagon's Content Program. This addition complements Nearmap's existing coverage of 87% of the U.S. population, allowing insurers to gain insights into less populated geographic regions.

The expanded coverage will be accessible through Partner Connect, the Betterview platform's ecosystem for integrating third-party geospatial datasets and tools. This enhancement enables insurance companies to:

• Optimize underwriting efficiency
• Reduce physical inspection spending
• Recommend risk mitigation steps to policyholders

Nearmap surveys over 100 million parcels in the United States up to three times per year, providing insurance companies with valuable location insights for better-informed decisions across the entire policy lifecycle.

ETQ, part of Hexagon, has launched the ETQ Reliance® Predictive Quality Analytics solution, integrating AI-driven analytics into its quality management system (QMS). This solution, developed in partnership with Acerta Analytics, enables automated early detection and proactive resolution of manufacturing issues.

Key features include:

• Manufacturing-specific data ingestion
• Advanced data analysis
• Predictive monitoring and alerts
• Automated root cause analysis

The solution aims to prevent production problems, limit variation, speed decision-making, and improve overall quality. It combines Acerta's LinePulse AI and machine learning technology with ETQ Reliance's advanced quality workflows, creating a predictive, closed-loop quality system.

This launch addresses manufacturers' concerns about plant performance, operational efficiency, compliance, risk management, and product recalls. The solution is available immediately for both new and existing ETQ Reliance NXG customers.

Guidehouse, a global consultancy, has partnered with Hexagon, a digital reality solutions leader, to drive innovation in the public sector. This collaboration aims to enhance operational efficiency, transparency, and performance of government agencies throughout their assets' lifecycle. Key benefits include:

• Enhanced operational efficiency and data-driven decision-making
• Improved transparency and accountability in asset management
• Modernized solutions for mission-critical needs and lifecycle cost management
• Optimized lifecycle asset performance

The partnership combines Hexagon's cutting-edge technology with Guidehouse's public-sector expertise to deliver comprehensive solutions for complex government challenges, from asset acquisition and deployment to maintenance and decommissioning.