#Sweden #Stockholm #Hexagon #Septentrio #GNSS

Hexagon's Acquisition of Septentrio

In a bold strategic move, Hexagon announced today its agreement to acquire Septentrio NV, a prominent player in the Global Navigation Satellite System (GNSS) market. This acquisition is poised to drive innovation and significantly broaden the reach of Hexagon’s advanced positioning solutions, mainly within mission-critical navigation and autonomy applications.

Septentrio has built a solid reputation as an OEM provider, focusing on cutting-edge GNSS technology that has catered to a wide array of industries. By combining Septentrio’s state-of-the-art GNSS platforms with Hexagon's existing portfolio—which includes sensor fusion, anti-jamming technologies, and correction services—the two companies plan to introduce groundbreaking solutions that will enhance accessibility to high-precision positioning technologies characterized by low Size, Weight, and Power (SWaP) features.

This merger is expected to accelerate the adoption of autonomous systems across various sectors while also addressing the increasing demand for advanced positioning technologies in emerging fields such as robotics, unmanned aerial vehicles (UAVs), and other mission-critical applications.

Hexagon’s interim President and CEO, Norbert Hanke, expressed optimism about the merger, stating that the union will redefine standards within the positioning industry. “The combination of Hexagon and Septentrio will transform the positioning industry across existing and new markets, setting new standards for accuracy, resilience, and scalability,” Hanke explained, underscoring the significance of this partnership in facilitating the shift towards full autonomy in many operational realms.

Headquartered in Leuven, Belgium, Septentrio employs roughly 150 people and is projected to generate revenues exceeding €50 million in 2024. The company has consistently showcased robust growth rates and margins, aligning closely with Hexagon's overarching business trajectory. Following the acquisition, Septentrio will operate under Hexagon's Autonomous Solutions division, focusing on delivering high-quality GNSS products to its extensive customer base, which comprises various industry-leading OEM clients.

While the details of the acquisition are exciting, the finalization is contingent upon regulatory approvals and other customary conditions, with completion expected in the first half of 2025. As the transaction progresses, both companies remain committed to ensuring a smooth transition while continuing to meet the demands of their clients and partners.

Hexagon, recognized as a global leader in precision technologies, aims to leverage this acquisition to not only enhance its product offerings but also to foster an ecosystem of innovation that benefits various sectors reliant on advanced navigation technologies. With approximately 24,500 employees operating across 50 countries and net sales around €5.4 billion, Hexagon is well-positioned to integrate Septentrio’s groundbreaking GNSS advancements into its wider technological framework.

As the industry anticipates this major transformation, stakeholders are eager to see how Hexagon and Septentrio will redefine the landscape of positioning technologies, presenting new opportunities for efficiency and innovation. This acquisition marks a significant step towards reinforcing the future of autonomous systems and the overarching framework of reliable navigation solutions across diverse applications.

For more information, interested parties are encouraged to reach out to Hexagon’s Investor Relations department. With the expected growth and expansion following this acquisition, Hexagon is set to continue its trajectory as a leader in precision technologies, reshaping the industry’s approach to navigation and autonomous applications in the process.