HEXA Stock Price, News & Analysis

ETQ, a Hexagon subsidiary, announced that aerospace parts supplier Farsound has adopted its ETQ Reliance quality management system (QMS). Farsound previously relied on manual methods and basic software tools like Excel and Word, and attempted to build its own QMS before choosing ETQ Reliance. The implementation will be phased, starting with document and training management, followed by nonconformance management and corrective/preventive actions (CAPA). The QMS will be deployed across Farsound's locations in the UK, US, Spain, and Canada, aiming to streamline quality processes, eliminate data silos, and enhance efficiency. The system will be accessible to all employees and is expected to provide Farsound with a competitive advantage in meeting aerospace industry's quality standards.

ETQ's second annual Pulse of Quality in Manufacturing Survey reveals persistent manufacturing challenges in 2025. Key findings show 70% of U.S. manufacturers face labor shortages, with 88% reporting impact on product quality. The survey indicates 75% of organizations experienced product recalls in the past five years, with 48% of recalls costing between $10-49.99 million.

The study highlights increasing AI adoption in manufacturing, with 49% planning implementation within two years and 33% already using it. AI applications focus on document processing (46%), core process automation (47%), and defect detection (45%). Additionally, 60% of respondents plan to increase quality-related spending in 2025, investing in generative AI, automated quality management tools, and predictive analytics.

ETQ, a Hexagon company and provider of quality management solutions, reported strong performance in Q1 2025, meeting both top and bottom-line goals. The company's ETQ Reliance® platform received eight G2 Winter 2025 Software awards, including leadership recognition across enterprise and midmarket segments. ETQ appointed Brandon McAllister as Chief Revenue Officer to oversee sales operations and expansion strategies.

The company expanded its global customer base across various sectors including heavy industry, life sciences, and manufacturing, adding notable clients like Ace International, RCA, and Discovery. Existing customers like 3D Systems, Emerson Electric, and PPG increased their platform usage. ETQ also released 2025 predictions highlighting trends in AI, EHS, connected workers, labor shortages, and product recall prevention.

TrustPoint has secured a $1.2 million SBIR Phase II contract from the US Navy's Naval Air Systems Command (NAVAIR) to deliver and demonstrate first-of-its-kind C-band GNSS receivers. The company will partner with Hexagon | NovAtel and Hexagon US Federal to execute this groundbreaking project.

The collaboration combines TrustPoint's C-band services with NovAtel's GNSS receiver technology to develop resilient Positioning, Navigation, and Timing (PNT) solutions for military applications. The project aims to integrate TrustPoint's C-band GNSS services into advanced anti-jam receivers, offering GPS-independent capabilities for mission continuity in contested environments.

Hexagon AB (HEXA) has announced key leadership changes in its Manufacturing Intelligence division. Andreas Renulf will assume the role of President effective May 1, 2025, reporting to interim President and CEO Norbert Hanke. Renulf, who joined Hexagon in January 2024 as COO and Head of Machine Control for the Geosystems division, brings extensive experience from Trelleborg and ABB.

The current President, Josh Weiss, is departing to join another company and will facilitate the transition through May 2025. During his ten-year tenure at Hexagon, Weiss notably improved profitability and cash conversion in the Manufacturing Intelligence division. Renulf's appointment comes with expectations to drive growth and operational excellence, particularly in robotics and autonomy optimization for customer product lifecycles.

Hexagon has released its Annual Report and Sustainability Report 2024, now available on hexagon.com. The company plans to distribute the reports digitally, though printed copies can be requested via email or phone. The Annual General Meeting is scheduled for May 5, 2025, at 17:00 CET in Stockholm, with attendance notification required by April 28, 2025.

As a global leader in precision technologies, Hexagon (Nasdaq Stockholm: HEXA B) operates in 50 countries with approximately 24,800 employees and generates net sales of about 5.4bn EUR. The company specializes in digital twins, robotics, and AI solutions for industry transformation.

Hexagon AB has appointed Gordon Dale as President of its Autonomous Solutions (AS) division, reporting to interim President and CEO Norbert Hanke. Dale, a 16-year veteran of Hexagon who joined through the NovAtel acquisition, previously served as Chief Synergy Officer where he successfully integrated the Autonomy & Positioning and Mining businesses into the AS division.

Dale brings significant credentials including an MBA and a Bachelor's in Electrical and Computer Engineering. The appointment follows the completion of AS division's integration, aimed at strengthening Hexagon's growth and margin performance. Hexagon, listed on Nasdaq Stockholm as HEXA B, is a global leader in precision technologies with approximately 24,800 employees across 50 countries and net sales of about 5.4bn EUR.

Hexagon AB (HEXA B) has announced plans to separate its Asset Lifecycle Intelligence (ALI) division and related businesses through a Lex Asea distribution to shareholders, with an expected listing on a U.S. national securities exchange in early 2026. The new company ('NewCo') will include the expanded perimeter of Safety, Infrastructure & Geospatial (SIG) division, ETQ business, and Bricsys business.

NewCo will operate as a standalone software and SaaS company, led by Mattias Stenberg. As of December 31, 2024, NewCo had approximately 7,200 employees and revenues of EUR 1,448 million with an adjusted operating margin of 31%. The remaining Hexagon business will retain approximately 17,600 employees with revenues of EUR 3,953 million and an adjusted operating margin of 29%.

The separation process is subject to stakeholder approval, regulatory consents, and other conditions, with completion targeted for first half of 2026. A temporary Swedish Depository Receipt programme will be established via Nasdaq Stockholm to facilitate the transition.

SDI Presence has announced a strategic partnership with Hexagon's Safety, Infrastructure & Geospatial division to enhance the deployment of public safety dispatching and communication solutions. The collaboration formalizes a decades-long relationship between the companies, focusing on implementing Hexagon's computer-aided dispatch (CAD) systems for emergency response agencies across North America.

SDI will provide implementation, technical support, GIS development, and business analysis services for Hexagon's solutions. The partnership aims to improve emergency response times and situational awareness for first responders. SDI's team includes certified experts in Hexagon technologies and PMI-certified professionals, positioning them as an authorized partner in configuring and optimizing Hexagon's solutions.