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HEXA

Company Description

Hexagon (Nasdaq Stockholm: HEXA B) is described in company communications as a global leader in measurement technologies, digital reality solutions, and positioning technologies. Across multiple news releases, Hexagon states that its solutions help vital industries "build, navigate, and innovate" and ensure productivity, quality, safety, and sustainability in fields ranging from manufacturing and construction to mining and autonomous systems. The company reports having operations in about 50 countries and tens of thousands of employees worldwide.

According to its own descriptions, Hexagon combines sensor, software, and autonomous technologies to support customers through the full lifecycle of assets and operations. Its positioning and measurement capabilities are highlighted as enabling accuracy "from microns to Mars," reflecting a focus on high-precision applications in industrial and mission-critical environments. These capabilities are applied in areas such as industrial manufacturing, construction, mining, and autonomous or semi-autonomous systems.

Hexagon’s communications reference several business areas and related organizations that illustrate how its technology is applied across sectors. Hexagon US Federal is described as the federal business of Hexagon, dedicated to delivering Hexagon technology and solutions to U.S. government customers, including defense, intelligence, and civilian organizations. It focuses on C4ISR, installation security, GIS, sensing capabilities, and position, navigation, and timing (PNT) solutions, and emphasizes support for national security missions.

Hexagon’s Asset Lifecycle Intelligence division is described as helping clients design, construct, and operate industrial facilities, with an emphasis on profitability, safety, and sustainability. This division highlights capabilities in unlocking data, supporting industrial project modernization and digital maturity, and improving productivity. It is associated with solutions such as the EcoSys Enterprise Project Performance platform.

Hexagon is also associated with businesses that are "part of Hexagon," including ETQ, which is described as a provider of integrated quality management, health, safety, and environmental solutions for manufacturers. ETQ’s software is presented as helping firms ensure quality at scale, reduce costs, and improve the speed of data-driven decisions. These descriptions indicate Hexagon’s broader role in digital quality and manufacturing process support.

Technology and solution focus

In several news items, Hexagon emphasizes its role in digital reality solutions and autonomous technologies. It describes itself as combining sensor data with software and automation to support applications such as project performance management, navigation, and industrial quality management. Its positioning and navigation capabilities are further highlighted in the context of assured PNT solutions, including plans to integrate acquired technologies within its Autonomous Solutions business area.

Hexagon’s technology is also referenced in connection with cloud-based and SaaS offerings. For example, its cloud-based Tool Library is integrated with third-party CAM software to provide digital tooling data, and its EcoSys platform is integrated with contractor cost management systems to deliver real-time project performance reporting. These examples, as described in partner announcements, underscore Hexagon’s focus on data integration, real-time insight, and digitalization of industrial workflows.

Planned spin-off and Octave

Company communications reference a proposed spin-off named Octave, described as a dedicated software and SaaS enterprise. Octave is expected to specialize in advanced data analytics and AI-driven solutions, supporting industrial and public sectors in designing, building, operating, and protecting assets. Hexagon indicates that Octave will include its Safety, Infrastructure & Geospatial and Asset Lifecycle Intelligence divisions, along with the Bricsys and ETQ business units. These statements show Hexagon’s intent to organize certain software and analytics-focused activities under a distinct structure while maintaining relationships across the broader group.

Hexagon US Federal

Hexagon US Federal is repeatedly described as the trusted U.S. federal arm of Hexagon. It states that it provides solutions for C4ISR, installation security, GIS, sensing, and PNT to U.S. federal government customers. The organization highlights its role as a proxy company, maintaining classified capabilities and infrastructure for defense and intelligence missions. It also notes its alignment with both the portfolios expected to be part of Octave and the technologies that will remain within Hexagon, indicating a bridging role between the two structures for U.S. government customers.

Hexagon US Federal communications emphasize cybersecurity and compliance, including the achievement of Cybersecurity Maturity Model Certification (CMMC) Level 2. This is presented as validation of its cybersecurity infrastructure and its ability to protect data across systems and operations in support of Department of Defense standards.

Examples of applications and partnerships

News releases referencing Hexagon describe several applications of its technologies through partnerships and integrations. In manufacturing, Hexagon’s cloud-based Tool Library is integrated with Kennametal’s tooling data and Hexagon’s WORKNC CAM software to provide machinists with verified digital tooling information, realistic 3D models, and smart assemblies. This is presented as a way to reduce setup time and improve machining accuracy.

In project controls, Hexagon’s EcoSys platform is connected with Management Controls Inc.’s myTrack solution through the EcoSys + myTrack Connector. This integration is described as providing real-time, verified contractor actuals for labor, equipment, and materials, enabling unified views of project performance across cost, schedule, and execution. The connector is associated with improved forecasting, faster project closeouts, and reduced manual reconciliation.

Within the quality management domain, ETQ, part of Hexagon, is recognized in research and awards programs for its Enterprise Quality Management Software (EQMS) and predictive quality analytics. ETQ’s solutions, as described, support automated quality processes, configurability, and AI-driven analytics to detect manufacturing issues early and support data-driven decision-making. These capabilities are presented as part of Hexagon’s broader digital reality and quality-focused ecosystem.

Positioning and industry reach

Across its communications, Hexagon consistently positions itself as a company whose technologies support productivity, quality, safety, and sustainability in multiple industrial sectors. It cites applications in manufacturing, construction, mining, autonomous systems, and public safety and geospatial intelligence, among others. Its global footprint is indicated by references to approximately 50 countries of operation and a large employee base, without specifying exact figures that may change over time.

Investors and observers looking at HEXA stock are therefore viewing a company that, according to its own statements, focuses on measurement, digital reality, positioning, and autonomous technologies, delivered through sensors, software, and integrated solutions. Its activities span industrial manufacturing, project performance, navigation and PNT, quality management, and government-focused solutions through Hexagon US Federal.

FAQs about Hexagon (HEXA)

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Frequently Asked Questions

What does Hexagon (HEXA) focus on as a business?

In its own communications, Hexagon describes itself as a global leader in measurement technologies, digital reality solutions, and positioning technologies. It states that it combines sensor, software, and autonomous technologies to support productivity, quality, safety, and sustainability across industries such as manufacturing, construction, mining, and autonomous systems.

How does Hexagon describe its technology offering?

Hexagon states that it combines sensor, software, and autonomous technologies to create digital reality and positioning solutions. Its communications highlight high-precision measurement, positioning "from microns to Mars," and digital platforms that help customers design, build, operate, and protect assets in industrial and mission-focused environments.

In which industries does Hexagon say its solutions are used?

According to company descriptions repeated in multiple news releases, Hexagon’s solutions support industries including manufacturing, construction, mining, and autonomous systems. Additional communications mention applications in public safety, geospatial intelligence, and industrial facilities through its Asset Lifecycle Intelligence division and related businesses.

What is Hexagon US Federal and how is it related to Hexagon?

Hexagon US Federal is described as the federal business and trusted U.S. federal arm of Hexagon. It focuses on delivering Hexagon technology and solutions to U.S. government customers, including defense, intelligence, and civilian organizations. Its stated offerings include C4ISR, installation security, GIS, sensing capabilities, and position, navigation, and timing solutions.

What role does Hexagon play in quality management software?

Hexagon is associated with ETQ, which is described as part of Hexagon and a provider of integrated quality management, health, safety, and environmental solutions for manufacturers. ETQ’s software is said to help firms ensure quality at scale, reduce costs, and improve the speed of data-driven decisions, and is cited in research and awards related to enterprise quality management software.

How does Hexagon describe its Asset Lifecycle Intelligence division?

Hexagon’s Asset Lifecycle Intelligence division is described as helping clients design, construct, and operate more profitable, safe, and sustainable industrial facilities. Communications emphasize enabling customers to unlock data, accelerate industrial project modernization and digital maturity, increase productivity, and support sustainability goals.

What is Octave in relation to Hexagon?

Company communications describe Octave as a proposed spin-off from Hexagon that is expected to be a dedicated software and SaaS enterprise. Octave is stated to specialize in advanced data analytics and AI-driven solutions, helping industrial and public sector customers design, build, operate, and protect assets. Hexagon indicates that certain divisions and business units, including ETQ and Asset Lifecycle Intelligence, are expected to be part of Octave.

How does Hexagon support project performance and contractor cost visibility?

Hexagon’s Asset Lifecycle Intelligence division references the EcoSys Enterprise Project Performance platform and EcoSys Connect. Through an integration called the EcoSys + myTrack Connector, EcoSys is connected with Management Controls Inc.’s myTrack solution to provide real-time, verified contractor actuals for labor, equipment, and materials, enabling unified views of project performance and improved forecasting and reconciliation.

What examples are given of Hexagon’s role in manufacturing workflows?

In a collaboration with Kennametal, Hexagon’s cloud-based Tool Library and WORKNC CAM software are integrated with Kennametal’s tooling data. This integration is described as giving machinists instant access to verified digital tooling data, realistic 3D models, and smart assemblies, with the goal of reducing setup time and improving machining accuracy.

How does Hexagon describe its global footprint?

Hexagon’s news releases state that the company has operations in approximately 50 countries and employs tens of thousands of people worldwide. While specific figures vary between communications, the company consistently emphasizes its international presence and multi-industry reach.