Hexagon Strengthens its Suite of Natural Hazard Monitoring and Alarm Solutions With the Acquisition of Geopraevent

NACKA STRAND, Sweden, Jan. 8, 2020 — (PRNewswire) — Hexagon AB, a global leader in sensor, software and autonomous solutions, today announced the acquisition of Geopraevent AG, a leading provider of natural hazard monitoring and alarm systems for the early detection and warning of dangerous events such as landslides, rockfalls, and avalanches.

Founded in 2013, Geopraevent provides monitoring and alarm systems that combine proprietary software and hardware with a wide range of sensors and measuring technologies - from very specific radars to webcams and cameras - to detect a variety of natural hazards. Its turnkey, integrated monitoring solutions include system customisation, installation and operation.

Advanced algorithms evaluate data from the various sensing technologies in real time to differentiate between normal and critical trends. In the event of potentially dangerous situations, triggered alarms can not only alert authorities but also automatically close threatened roads and railways as well as warn people in the affected areas within a matter of seconds. All installations include access to an online and interactive data portal, easily reachable via various devices.

"Areas prone to natural hazards can quickly become devastating catastrophes. Natural hazard monitoring improves the safety of roads and railways, especially when traditional constructive measures like tunnels or dams aren't feasible," says Hexagon President and CEO Ola Rollén. "Geopraevent's know-how is characterized by a skilled and experienced workforce with geotechnical expertise. By combining this domain knowledge - along with its proven technologies and services - with Hexagon's global footprint and complementary solutions, we can offer more customers the early detection and warning systems necessary for protecting human lives."

Building off its strong presence in Switzerland, Geopraevent has close to 100 live systems in operation across the globe today, serving federal and local authorities and private infrastructure operators in markets such as transportation, public safety, tourism, mining and energy.

Headquartered in Zürich, Switzerland, Geopraevent will be fully consolidated as of today, operating within Hexagon's Geosystems division. The acquisition 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

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon/r/hexagon-strengthens-its-suite-of-natural-hazard-monitoring-and-alarm-solutions-with-the-acquisition-,c3002857

The following files are available for download:


Cision View original content: http://www.prnewswire.com/news-releases/hexagon-strengthens-its-suite-of-natural-hazard-monitoring-and-alarm-solutions-with-the-acquisition-of-geopraevent-300983391.html

SOURCE Hexagon

Contact:
Company Name: Hexagon
Financial data for Hexagon




Review Article Be the first to review this article


Featured Video
Jobs
Senior Level Developer for GeoDecisions at Raleigh, North Carolina
Mid-Level Developer for GeoDecisions at Raleigh, North Carolina
Business Analyst for GeoDecisions at Raleigh, North Carolina
GIS Developer for GeoDecisions at Vienna, Virginia
GIS Developer for GeoDecisions at St. Charles, Missouri
Dev/Ops Developer for GeoDecisions at O'Fallon, Illinois
Upcoming Events
CalGIS 2020 at 701 West Ocean Boulevard Long Beach CA - Feb 8 - 12, 2020
CalGIS 2020 at Hilton Long Beach California - Feb 9 - 11, 2020
SimTEX 2020 at National Exhibition Centre (Hall 6-7) Abu Dhabi United Arab Emirates - Feb 23 - 25, 2020
UMEX 2020 at National Exhibition Centre (Hall 3-5) Abu Dhabi United Arab Emirates - Feb 23 - 25, 2020
University of Denver GIS Masters Degree Online
Reality Modeling



Internet Business Systems © 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise