Hexagon Set For Satellite Revolution As 1 Billion Acquisition Of Septentrio Nv Confirmed

Hexagon Acquires GNSS Pioneer Septentrio, Poised for Technological Leap

Swedish tech giant Hexagon has agreed to acquire Septentrio NV, a leading developer of global navigation satellite system (GNSS) technologies. The deal is expected to close in the first half of 2025 and will catapult Hexagon’s autonomous systems to new heights.

By merging Septentrio’s GNSS platform with its own positioning technology portfolio, Hexagon aims to create a powerhouse of high-accuracy and low-SWaP technologies. GNSS plays a pivotal role in geolocation and time information for devices anywhere on Earth, providing them with an unobstructed line of sight to the satellites.

This technology is crucial for robots operating outdoors, allowing them to determine their precise location, navigate from point A to point B, and plan pre-defined paths – essential for precision farming, delivery robots, surveying, and other applications. Hexagon’s collaboration with robotics companies in various industries will be further amplified through the acquisition.

The combined entity is poised to set new standards for positioning technologies, transforming the industry across existing and new markets. Norbert Hanke, interim president and CEO of Hexagon AB, noted that ’the combination of Hexagon and Septentrio will transform the positioning industry across existing and new markets, setting new standards for accuracy, resilience, and scalability.'

Septentrio, headquartered in Leuven, Belgium, boasts around 150 employees and is expected to generate revenues exceeding €50 million in 2024. The company will be integrated into Hexagon’s Autonomous Solutions division and continue its current business model.

With the acquisition, Septentrio will bolster Hexagon’s capabilities in high-accuracy positioning technologies, further solidifying its position as a global leader in precision technologies. This move is part of Hexagon’s strategy to expand its offerings and cater to the growing demand for autonomous systems.