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Hexagon AB

Provides sensor, software, and autonomous solutions.

Overview

Hexagon provides sensor, software, and autonomous solutions to create a digital twin of the physical world for industries like manufacturing, construction, and mining. It collects data from sensors and devices and turns it into a digital model that helps improve efficiency and quality and supports automated or assisted decisions in operations. The company differentiates itself through a history of acquisitions that built an integrated ecosystem of measurement hardware, software, and services, enabling end-to-end workflows. Its goal is to lead the digital-reality market by expanding its platform and reorganizing assets to focus on strategic growth.

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About Hexagon AB

Simplify's Rating
Why Hexagon AB is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsRobotics & AutomationIndustrial & ManufacturingEnterprise Software

Company Size

501-1,000

Company Stage

IPO

Headquarters

Stockholms kommun, Sweden

Founded

1975

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Simplify's take

What believers are saying

  • Q3 2026 organic growth hit 13%, Hexagon's strongest pace in five years.
  • Autonomous Solutions grew 23%, while Manufacturing Intelligence grew 16% in Q3 2026.
  • Senvisio and next-generation VIS extend Hexagon into niche autonomy markets with 2027 commercialization.

What critics are saying

  • Waygate diluted Hexagon's group margin about 150 basis points after the November 2026 closing.
  • Rocscience, Waygate, and other acquisitions create integration risk across Manufacturing Intelligence and Infrastructure.
  • If digital twin software underperforms, Hexagon becomes a hardware-heavy aggregator with weaker valuation.

What makes Hexagon AB unique

  • Hexagon pairs sensors with software, creating closed-loop digital twins across operations.
  • Waygate and Rocscience broaden Hexagon into inspection, geotechnical modeling, and monitoring.
  • PC-DMIS 2026.2 deepens sticky metrology workflows with AI edge detection and digital-thread traceability.

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Funding

Total Funding

$200k

Above

Industry Average

Funded Over

1 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison Coming Soon

Benefits

  • Professional Development Budget

Stock Price

Growth & Insights and Company News

6 month growth

-1%

1 year growth

-10%

2 year growth

-10%
aginsights
Nov 6th, 2026
Hexagon introduces Senvisio vision-based guidance to extend precision farming beyond satellite coverage.

Hexagon introduces Senvisio vision-based guidance to extend precision farming beyond satellite coverage. Hexagon has introduced Senvisio, a new camera-based automatic guidance system designed for agricultural machinery operating in vineyards and orchards. Previewed for EIMA International 2026 in Bologna, the technology enables tractors to navigate between crop rows without relying on GNSS satellite positioning. The system addresses a persistent limitation of conventional precision farming solutions, particularly in environments where dense tree canopies, narrow passages and irregular planting layouts can interfere with satellite reception and compromise guidance accuracy. Senvisio uses onboard cameras and image-processing technology to identify physical features of the crop environment, including vine trunks, trees, support posts and vegetation boundaries. By continuously interpreting these visual references, the system determines the vehicle's position within the row and provides steering guidance through a compatible control system. Unlike conventional satellite-based solutions, it does not require predefined guidance lines or dedicated geographic information system workflows. Hexagon expects the technology to reduce operator workload, improve consistency during repetitive field operations and help minimize accidental contact with crops and supporting infrastructure. Commercial availability is planned for 2027. The introduction of Senvisio reflects a broader evolution in agricultural positioning technology, where machine perception is becoming an increasingly important complement or alternative to satellite navigation. While GNSS and RTK systems remain fundamental to large-scale precision agriculture, specialized crops present operating conditions that require different approaches to automation. By extending guidance capabilities into environments where satellite signals are unreliable, Hexagon is strengthening its position in the emerging market for perception-based agricultural machinery control, with potential applications extending beyond conventional assisted steering. Bottom Line Hexagon's Senvisio demonstrates how vision-based navigation can expand precision farming into agricultural environments where satellite guidance is difficult to maintain. Its strategic importance lies in reducing dependence on GNSS for specific operations and creating additional opportunities for automation in vineyards, orchards and other specialized cropping systems.

Cision
Nov 2nd, 2026
Hexagon completes $1.45B Waygate Technologies acquisition from Baker Hughes

Hexagon has completed its acquisition of Waygate Technologies, a non-destructive testing business, from Baker Hughes. The deal values Waygate at an enterprise value of about $1,450 million on a cash and debt free basis. Waygate has about 1,500 employees across 25 locations and generated revenue of about $630 million in fiscal year 2025. It was consolidated on November 1, 2026, and will operate within Hexagon's Manufacturing Intelligence Business Area. The deal extends Hexagon into non-destructive testing and the maintenance, repair and operations market. It dilutes the group margin by about 150 basis points, and Hexagon aims to lift Waygate's margins to the 21–24% target range. Hexagon expects transaction, carve-out and integration costs of about €50 million.

Africa Business Watch
Nov 2nd, 2026
Baker Hughes closes sale of Waygate Technologies to Hexagon.

Baker Hughes closes sale of Waygate Technologies to Hexagon. * Transaction strengthens balance sheet with pre-tax cash proceeds of approximately $1.45 billion, before customary closing adjustments HOUSTON and LONDON, Nov. 02, 2026 (GLOBE NEWSWIRE) - Baker Hughes (NASDAQ: BKR, "the Company"), an energy technology company, announced Monday the successful sale of its Waygate Technologies business to Hexagon. The all-cash transaction is valued at approximately $1.45 billion, before customary closing adjustments. The sale encompasses Waygate Technologies' remote visual inspection, ultrasound, radiography, and imaging solutions portfolios, and all assets of the business, including intellectual property, footprint and resources. This divestiture reinforces the Company's commitment to disciplined portfolio management, enhances the durability of earnings and cash flow, and further strengthens the Company's balance sheet. About Baker Hughes Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward - making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com. Media Relations Investor Relations Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Manufacturing Tomorrow
Oct 29th, 2026
Hexagon's PC-DMIS 2026.2 brings complex geometry inspection into one workflow.

Hexagon's PC-DMIS 2026.2 brings complex geometry inspection into one workflow. Release adds modular gear inspection, with blade and impeller modules to follow, plus AI-based edge detection and stronger CAD-to-CMM traceability North Kingstown, RI, 29 October 2026 - Hexagon's Manufacturing Intelligence division today released PC-DMIS 2026.2, introducing PC-DMIS Specialised Geometries, a new application that brings complex geometry inspection into a single workflow. Gear inspection modules are available now, with blade and impeller modules planned for future releases. More headlines. Articles. PC-DMIS 2026.2 also adds AI-based edge detection, faster point cloud processing, and expanded support for model-based digital thread workflows. One platform for complex geometries Specialised Geometries provides a consistent workflow for inspecting complex geometries. Delivered through separately licensed modules, it allows customers to select the capabilities they need, with the flexibility to expand into additional geometry types as the platform evolves. Cylindrical Gear and Unknown Gear are the first modules available. "PC-DMIS 2026.2 is about giving our users room to grow," said Ken Woodbine, Senior Portfolio Manager: Stationary Metrology Software. "Customers working with gears, blades and impellers have told us they want one place to do that work. Specialised Geometries delivers exactly that - with the flexibility to license only what they need." Key enhancements in PC-DMIS 2026.2 Point cloud inspection benefits from a range of improvements, including faster data handling, clearer visualisation of scan data and richer output for downstream analysis. Together, these enhancements make working with large scan datasets more efficient and support the latest scanning hardware. Programming and measurement workflows are also improved. AI Edge Detection simplifies the process of measuring difficult edges that conventional detection methods cannot capture, bringing this capability together in a single, more capable method. QuickFixture now models fixture hardware directly within the measurement routine, with new on-screen controls and automatic positioning to simplify setup. A new AutoSphere scan strategy enables spheres to be scanned rather than measured exclusively through touch probing, supporting applications where spherical form accuracy is critical. The release further strengthens the digital thread between design and inspection. Expanded STEP support for QIF-based digital thread workflows helps carry design intent through to measurement planning while maintaining traceability. PC-DMIS Protect introduces additional controls for regulated environments, while enhanced Teamcenter integration provides quality teams with clearer, auditable links between CAD data and CMM inspection. PC-DMIS Inspect also receives workflow improvements for shop-floor operators, and support for Hexagon's SENMATION sensor interface enables automatic probe changes during measurement programmes. Extended Sheetmetal Features are now included in the main installer, simplifying access to these capabilities. Further enhancements span vision systems, scanning strategies, CAD and GD&T handling, and laser scanner support. PC-DMIS 2026.2 brings together new specialised geometry inspection capabilities and a broad range of improvements across programming, scanning and quality workflows. The update will be available from October 29, 2026. For more information, visit hexagon.com. PC-DMIS 2026.2 Update Webinar Hexagon will host a live webinar on November 18, 2026, giving PC-DMIS users the opportunity to learn more about PC-DMIS 2026.2. The session will cover the new Specialised Geometries extended application, alongside key features and enhancements in the latest version, with practical tips for making the most of measurement workflows. Attendees can submit questions when registering for consideration during the live Q&A. Registration is open at https://hxgn.biz/4idoRxv.

Picor
Oct 23rd, 2026
Completed sale/lease transactions (october 12 - october 23, 2026).

Completed sale/lease transactions (october 12 - october 23, 2026). HEXAGON MINING INC renewed and expanded their lease for a total of 54,496 square feet of industrial space at 2650 E. Elvira Rd., Suite 152 in Tucson, from Albany Road-East Elvira LLC. Jesse Blum formerly with Cushman & Wakefield | PICOR, represented the landlord. Tim Healy with CBRE, Tucson, represented the tenant. Buckeye Maker Laboratories LLC leased 2,400 square feet of industrial space at Central Point Business Plaza, 3959 E. Speedway Blvd., Suites 312-313 in Tucson, from Central Point Tucson, LLC. Molly Mary Gilbert, CCIM, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord. John Smith and Matt Bollinger with Realty Executives Arizona Territory, represented the tenant. AGNB Consulting LLC leased 1,383 square feet of office space at Campbell Plaza Office Building, 2980 N. Campbell Ave., Suite 190 in Tucson, from DSW IREIF Tucson Retail Owner, LLC. Ryan McGregor and Thomas J. Nieman, Principal, Office Specialists with Cushman & Wakefield | PICOR, represented the landlord. Jim Lieberthal with Cutler Commercial, represented the tenant. Meziab International LLC leased 1,200 square feet of industrial space at Midway Business Park, 4500 E. Speedway Blvd., Suite 53 in Tucson, from Midway Business Park Tucson LLC. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord. Workmens Boots and Shoes Inc. renewed their lease with Midpoint Business Plaza Tucson LLC for 1,200 square feet of retail space at Midpoint Business Plaza, 1835 S. Alvernon Way, Suite 211 in Tucson. Paul Hooker, SIOR, Principal, and Andrew Keim, Industrial Specialists with Cushman & Wakefield | PICOR, represented the landlord. Supercuts renewed their lease with Sunrise Village Investors, LLC for 1,123 square feet of retail space at Sunrise Village Shopping Center, 4720 E. Sunrise Dr. in Tucson. Dave Hammack, Principal, Retail Specialist with Cushman & Wakefield | PICOR, represented the landlord. Dave Carroll with Paul Ash Commercial Real Estate, represented the tenant. OM Collaborative: Owner/Members Move leased 900 square feet of office space at 1955 W. Grant Rd., Suite 195 in Tucson, from WestGrant Investors, LLC. Molly Mary Gilbert, CCIM, Office Specialist with Cushman & Wakefield | PICOR, represented the landlord.

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