Hexagon enhances its Smart Manufacturing autonomous and digital twin capabilities with the acquisition of CADLM

Rhea-AI Summary

Hexagon AB announced the acquisition of CADLM SAS, enhancing its capabilities in computer-aided engineering (CAE) with AI and machine learning. CADLM, founded in 1989 in France, specializes in simulation-driven product development. Their software, ODYSSEE, leverages AI for predictive modeling, improving design efficiency. This acquisition strengthens Hexagon's Smart Manufacturing solutions, focusing on product innovation, productivity, and environmental sustainability. The transaction does not significantly impact Hexagon's earnings and will be finalized upon meeting standard conditions.

Positive

• Enhances Smart Manufacturing solutions portfolio.
• Strengthens capabilities in AI-driven product development.
• Potential for increased productivity and sustainability.

Negative

• None.

NACKA STRAND, Sweden, April 1, 2021 /PRNewswire/ -- Hexagon AB, a global leader in sensor, software and autonomous solutions, today announced the acquisition of CADLM SAS, a pioneer in powering computer-aided engineering (CAE) with artificial intelligence (AI) and machine learning to revolutionise the impact of simulation in product development processes and lifecycles.

Founded in 1989, France-based CADLM has years of experience developing computational design and optimisation methods for industrial products and processes, and since 2014 has been developing AI and machine learning solutions. Its ODYSSEE software platform applies AI and machine learning to real-world sensor data and physics-based simulation data to produce accurate, predictive models of a product at efficient computing power levels. The combination enables faster, more efficient simulations of dynamic, multi-physics phenomena - such as automotive crash and safety - that fully characterise and understand real-world product behaviour. This insight enables engineers to explore the design space more extensively and interactively and improve next-generation products without prohibitive computing cost or time.

Furthermore, the pervasive use of the digital twin beyond the early design phase enables manufacturers to leverage image recognition, predictive simulation and fault prediction to address challenges such as downtime, throughput, quality and flexibility throughout the manufacturing process.

"The convergence of CAE with advances in data management, AI, machine-learning and an increasingly connected manufacturing lifecycle is transforming the industry's ability to address increasingly complex design challenges with rapid innovation and increased productivity," says Hexagon President and CEO Ola Rollén. "CADLM's AI knowledge and technology further strengthen our Smart Manufacturing solutions portfolio, putting data to work beyond the early design phase to improve product design innovation, manufacturing productivity, product quality and environmental sustainability through reductions in material waste."

CADLM will operate as part of Hexagon's Manufacturing Intelligence division. The acquisition has no significant impact on Hexagon's earnings. Completion of the transaction (closing) is subject to normal closing conditions.

For further information, please contact:

Maria Luthström
Head of Sustainability and Investor Relations
Hexagon AB
+46 8 601 26 27
ir@hexagon.com

Kristin Christensen
Chief Marketing Officer
Hexagon AB
+1 404 554 0972
media@hexagon.com

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SOURCE Hexagon

FAQ

What is the purpose of Hexagon's acquisition of CADLM?

The acquisition is aimed at enhancing Hexagon's capabilities in computer-aided engineering through AI and machine learning.

When was the acquisition of CADLM by Hexagon announced?

The acquisition was announced on April 1, 2021.

What impact will the CADLM acquisition have on Hexagon's earnings?

The acquisition is not expected to have a significant impact on Hexagon's earnings.

What technology does CADLM provide to Hexagon?

CADLM provides AI-driven simulation tools that enhance product development and manufacturing processes.

How will the acquisition of CADLM affect manufacturing productivity?

The acquisition is expected to improve manufacturing productivity by leveraging advanced data management and predictive capabilities.