Stockholm, Sweden, 7 January 2018 – Hexagon AB, a global leader in digital solutions, today announced the acquisition of Etalon, a provider of equipment calibration solutions. Etalon’s solutions continuously monitor and initiate compensation of machine tools, measuring machines, robots and structures to ensure the dimensional accuracy of manufactured parts.
Founded in 2004, Etalon employs around 25 people with domain expertise in production and metrology technology. Its solutions are used by customers in mechanical engineering, industrial instrumentation, automotive and aerospace technology and the research sector. Not only does Etalon’s portfolio strengthen Hexagon’s calibration solution offering but also nicely complements its on-machine measurement solution range, which now incorporates machine tool probes, software and calibration equipment.
“By joining Hexagon, Etalon gains the scale to strengthen and expand its position in equipment calibration. Moreover, the acquisition is a natural extension of Hexagon’s data-driven smart factory strategy. It is reinforcing our commitment to increase customer value through the convergence of production and metrology and greater process autonomy through machine-controlled operations,” says Hexagon President and CEO Ola Rollén. “We are very pleased to welcome such an innovative team on board and look forward to working together on new solutions for our customers.”
Headquartered in Braunschweig, Germany with a global network of distribution partners, Etalon will operate within Hexagon’s Manufacturing Intelligence division. The acquisition will be consolidated as of today and has no significant impact on Hexagon’s earnings.
For further information, please contact:
Maria Luthström, Head of 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
Hexagon is a global leader in digital solutions that create Autonomous Connected Ecosystems (ACE), a state where data is connected seamlessly through the convergence of the physical world with the digital, and intelligence is built-in to all processes.
Hexagon’s industry-specific solutions leverage domain expertise in sensor technologies, software, and data orchestration to create Smart Digital Realities™ that improve productivity and quality across manufacturing, infrastructure, safety and mobility applications.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 20,000 employees in 50 countries and net sales of approximately 3.5bn EUR. Learn more at hexagon.com and follow us @HexagonAB.
Source: Hexagon strengthens Smart Factory position with autonomous production technologies from Etalon
