Hexagon strengthens smart factory strategy via acquisition
The Swedish company acquired Etalon, a German provider of equipment calibration solutions
Swedish digital solutions company Hexagon has boosted its smart factory capabilities via the acquisition of Etalon, which provides equipment calibration solutions.
Etalon’s solutions continuously monitor and initiate compensation of machine tools, measuring machines, robots and structures to ensure the dimensional accuracy of manufactured parts, Hexagon said.
Founded in 2004, Etalon employs around 25 people with domain expertise in production and metrology technology. The company’s solutions are used by customers in mechanical engineering, industrial instrumentation, automotive and aerospace technology and the research sector.
The Swedish company highlighted that Etalon’s portfolio strengthen Hexagon’s calibration solutions offering — and also complements its on-machine measurement solution range, which now incorporates machine tool probes, software and calibration equipment.
“By joining Hexagon, Etalon gains the scale to strengthen and expand its position in equipment calibration. Moreover, the acquisition is a natural extension of Hexagon’s data-driven smart factory strategy. It is reinforcing our commitment to increase customer value through the convergence of production and metrology and greater process autonomy through machine-controlled operations,” said Hexagon President and CEO Ola Rollen. “We are very pleased to welcome such an innovative team on board and look forward to working together on new solutions for our customers.”
Headquartered in Braunschweig, Germany, Etalon will operate within Hexagon’s Manufacturing Intelligence division.
Hexagon mainly focuses on digital solutions that create Autonomous Connected Ecosystems (ACE). Hexagon’s solutions are built from its portfolio of sensors and software that capture, store, analyse and distribute information with the aim of improving productivity and quality across geospatial and industrial applications. Its industrial sensors include stationary and portable equipment for measurement and process control in the manufacturing and engineering fields.
The company has approximately 20,000 employees in 50 countries and net sales of approximately EUR 3.5bn ($4.01bn).