Hexagon Buys AutonomouStuff

0
167

Press Release.

Hexagon AB has announced the acquisition of AutonomouStuff, a leading suppliers of integrated autonomous vehicle solutions.

Founded in 2010, US-based AutonomouStuff is pioneering turn-key platforms for autonomous vehicle development, robotics and data intelligence innovation. Its turnkey platforms, which utilize a robust portfolio of technologies, are deployed in pilot programs worldwide representing more than 2,500 customers in the automotive and technology sectors across Silicon Valley, America, Europe, and Asia.

“The acquisition of AutonomouStuff accelerates Hexagon’s ability to move our customers beyond the data impasse of IoT,” said Ola Rollén, Hexagon President and CEO. “We’re particularly interested in technologies that are the most disruptive – those capable of leveraging the vast potential of data being generated by connected things, integrating AI, Edge-Cloud Orchestration, Mobility, and Data Visualisation into autonomous connected ecosystems.”

“When combined with our positioning intelligence, mapping and sensing technology leadership, this acquisition creates a nexus of domain expertise that will lead the autonomous mobility industry for years to come.”

The move signals that Hexagon, which owns NovAtel, a Canadian company which has partnered with AutonomouStuff, is moving full-tilt into autonomous vehicles.

2017 sales amounted to 45 MUSD. Completion of the transaction is subject to regulatory approvals, including a voluntary filing to the Committee on Foreign Investment in the United States, and other customary conditions which are expected to be satisfied within the coming 90 days. The transaction purchase price will not be publicly disclosed as it’s insignificant relative to Hexagon’s market capitalization.

For more information: www.autonomoustuff.com