Hexagon AB

Company Snapshot

Founded: 2000
Entity Type: Public
Employees: 24000
Region: Americas
Revenue: $5,878.6 Millions
Revenue Year: 2023
Segment: Industrial Enterprise Solutions (IES)
Headquarter: Stockholm, Sweden
Key Geographics: Americas, Asia, Europe, Middle East and Africa
Corporate Address: P. O. Box 3692 SE-103 59 Stockholm, Sweden Tel. +46-8601-2620 www.hexagon.com

Company Overview

Hexagon AB is a global technology company headquartered in Stockholm, Sweden. It focuses on digital solutions that enable organizations to improve their processes and make data-driven decisions. Hexagon operates in various industries, including manufacturing, construction, agriculture, mining, geospatial, etc.

Hexagon has grown through acquisitions and organic growth. It has become a prominent player in technology solutions for various industries.

Hexagon’s solutions span several industries, including:

  • Manufacturing: Hexagon provides software and hardware solutions for quality control, production optimization, and metrology (measurement and inspection).
  • Construction: In the construction sector, Hexagon offers solutions for surveying, building design and project management.
  • Agriculture: Hexagon’s agriculture division focuses on precision agriculture, providing technologies for improving crop yields and farm productivity.
  • Mining: The company offers mining solutions that assist in mine planning, monitoring and optimization.
  • Geospatial: Hexagon specializes in geospatial technologies, including GIS (Geographic Information Systems) and mapping solutions.
  • Technologies: Hexagon develops and offers a wide range of technologies, including:
    • Software: Its software solutions cover CAD (Computer-Aided Design), CAM (Computer-Aided Manufacturing), CAE (Computer-Aided Engineering), and more.
    • Hardware: Hexagon produces measurement and precision equipment, such as laser trackers, coordinate measuring machines (CMMs) and GPS systems.
  • Brands: Hexagon owns several well-known brands within its various divisions. For example, Hexagon Manufacturing Intelligence includes brands like Leica Geosystems, Intergraph, and MSC Software.

Hexagon has a global presence, with offices and operations in numerous countries. It serves customers worldwide, providing localized support and solutions tailored to regional needs. Hexagon is at the forefront of the digital transformation wave, helping companies leverage data and technology to improve their operations, reduce costs and enhance overall efficiency.

Financial Highlights (FY 2023)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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Hexagon AB In Reports

Smart Transportation: Technologies and Markets

BCC Research Market Analyst says global smart transportation market was valued at $152.6 billion in 2023. The market is expected to grow from $181.7 billion in 2024 to $484.5 billion by 2029.

Global Digital Twin Market

BCC Research Market Analyst says global market for digital twins was valued at $11.5 billion in 2023. The market is expected to grow from $18.2 billion in 2024 to $119.3 billion by the end of 2029, at a CAGR of 45.7%.

Global Markets for Precision Farming

BCC Research Market Report says global market for precision farming is expected to increase from $8.5 billion in 2023 to $14.9 billion by the end of 2028, with a CAGR of 11.9%.

Company's Business Segments

  • Industrial Enterprise Solutions (IES) : This segment includes a Worldleading portfolio of Metrology Solutions Incorporating the Latest Sensor, Software Technologies for Fast, Accurate Measurements.
  • Geospatial Enterprise Solutions (GES) : This segment includes a world-leading portfolio of Reality-Capture Sensors from Laser Scanners, Airborne Cameras, Unmanned Aerial Vehicles (UAV) to Monitoring Equipment, Mobile Mapping Technologies, Precise Positioning.

Applications/End User Industries

  • Infrastructure
  • Construction
  • Automotive
  • Electronics
  • Aerospace
  • Defense
  • Power
  • Energy
  • Surveying
  • Power and Energy
  • Public Safety
  • Defence