Hexagon Acquires FTI, a Leading Provider of Manufacturing Software Solutions

NACKA STRAND, Sweden — (BUSINESS WIRE) — March 23, 2016 — Hexagon AB (STO: HEXAB), a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, today announced the acquisition of Forming Technology Inc. (FTI), a provider of innovative manufacturing software solutions designed to reduce the development time and material costs of sheet metal components.

Sheet metal is used extensively in the production of car bodies, aircraft, electronics enclosures and many other applications. Rapid, cost-efficient design and manufacturing of sheet metal components is key to addressing the rising challenges of manufacturing efficiencies.

Founded in 1989 and based in Burlington, Ontario (Canada), FTI serves original equipment manufacturers (OEMs) and suppliers in the automotive, aerospace, electronics, and appliance industries with sheet metal design, simulation, feasibility, and costing solutions. Its leading-edge technology portfolio, sold through an international network of reseller partners, coupled with its engineering services and years of expertise in the sheet metal industry, enables customers to validate designs before they go into production and immediately reduce labour and material costs.

“Closing the manufacturing feedback loop to enhance quality and productivity is an integral part of our solutions strategy,” said Hexagon President and CEO Ola Rollén. “Combining FTI’s CAE (computer-aided engineering) technologies and knowledge of automotive sheet metal applications with our CAM (computer-aided manufacturing) and metrology solutions will enable us to deliver substantial productivity gains to our automotive customers.”

FTI will be fully consolidated as of today. The acquisition has no significant impact on Hexagon's earnings.

Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications. Hexagon's solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries. Hexagon (Nasdaq Stockholm: HEXA B) has more than 16,000 employees in 46 countries and net sales of approximately 3.0bn EUR. Learn more at www.hexagon.com and follow us @HexagonAB.

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



Contacts:

Hexagon AB
Maria Luthstrom
Investor Relations Manager
+46 8 601 26 27
Email Contact

Kristin Christensen
Chief Marketing Officer
+1 404 554 0972
Email Contact

 




Review Article Be the first to review this article
Rand3D

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial



Internet Business Systems © 2017 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 GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise