Hexagon Strengthens HxGN Content Program With Acquisition of COWI's Mapping Business

NACKA STRAND, Sweden, Jan. 29, 2020 — (PRNewswire) — Hexagon AB, a global leader in sensor, software and autonomous solutions, today announced the signing of an agreement to acquire COWI's aerial mapping business. COWI is a leading international consulting group within engineering, economics and environmental sciences with a mapping business that serves as Europe's largest provider of airborne surveying and spatial data processing and key partner of the HxGN Content Program.

Bringing valuable expertise in capturing and selling Content as a Service (CaaS), COWI's mapping unit has been delivering HxGN Content Program services in Europe since 2015. With approximately 400 specialists worldwide, the business provides public administrators, government organisations, infrastructure project stakeholders, utility companies and global internet companies access to the most relevant geospatial data during their planning processes.

"The acquisition of COWI's mapping business is a logical next step to accelerate and strengthen the HxGN Content Program in Europe," says Hexagon President and CEO Ola Rollén. "Along with the previous acquisitions of North West Geomatics, SigmaSpace, Melown Technologies, and Thermopylae Sciences and Technologies, this acquisition accelerates Hexagon's mission to provide customers with access to the largest on-demand library of professional-grade and quality controlled geospatial data for applications such as asset management, public safety, utility mapping, insurance claims, and more."

COWI's mapping business will operate within the geospatial content solutions unit of Hexagon's Geosystems division. The acquisition is expected to be completed during the second quarter 2020, subject to regulatory approvals. 2019 sales, less intra-group sales, amounted to 14 MEUR.

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-hxgn-content-program-with-acquisition-of-cowi-s-mapping-business,c3021203

The following files are available for download:

Cision View original content: http://www.prnewswire.com/news-releases/hexagon-strengthens-hxgn-content-program-with-acquisition-of-cowis-mapping-business-300995129.html

SOURCE Hexagon

Contact:
Company Name: Hexagon
Financial data for Hexagon




Review Article Be the first to review this article


Featured Video
Jobs
Advanced GIS Specialist for Wisconsin Department of Natural Resources at Madison, Wisconsin
Mechanical Engineer for Arista Networks at Santa Clara, California
Software Engineer II - MCAD for ANSYS, Inc. at san jose, California
Upcoming Events
Esri Developer Summit at Palm Springs Convention Center Palm Springs CA - Mar 10 - 13, 2020
Geo Week at Walter E. Washington Convention Center Washington, DC - Mar 22 - 26, 2020
International Lidar Mapping Forum at Walter E. Washington Convention Center Washington, DC - Mar 23 - 25, 2020
University of Denver GIS Masters Degree Online



© 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