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Hexagon AB Set to Acquire Vero Software

Hexagon AB Set to Acquire Vero Software
0 comments, 21/07/2014, by , in News
Hexagon AB (NASDAQ OMX Stockholm: HEXA B – www.hexagon.com), a global provider of design, measurement and visualisation technologies, have reached an agreement to acquire Vero Software. The acquisition is subject to clearance of standard regulatory filings and is expected to be complete as of August 2014.
Vero will continue to run as an autonomous business unit within Hexagon Metrology (www.hexagonmetrology.com). Hexagon have a strong presence in manufacturing with their world leading metrology brands, and together with Vero share a number of industry sectors (automotive, aerospace, electronics, design, energy & medical), and a common customer base.
The acquisition strengthens Hexagon Metrology’s software offerings, providing the means to close the gap of making quality data fully actionable by extending the reach of the newly developed MMS (metrology planning software) to include CAM (manufacturing planning software).
Hexagon President and CEO Ola Rollén commented “Together with its unique suite of manufacturing software solutions, Vero Software has the expertise, knowledge and resources to deliver even higher levels of productivity to our customers. Leveraging our global footprint, the synergies from our combined technologies will advance our strategy, supporting the growing need to integrate all data and processes across the manufacturing lifecycle.”
Richard Smith, Vero Software CEO commented “All of our efforts over many years have positioned Vero and our products as leaders in the industries we serve. Hexagon has more than 14,000 employees in over 40 countries and net sales of approximately €2,400 million. I firmly believe that Hexagon’s size and global reach will provide stability and support our growth into the future.”

 

About Vero Software
Headquartered in England, Vero Software designs, develops, and supplies CAD/CAM/CAE software radically enhancing the efficiency of design and manufacturing processes, providing its customers with exceptional value through high productivity gains and significantly reducing time to market. The company’s world-renowned brands include Alphacam, Cabinet Vision, Edgecam, Machining STRATEGIST, PEPS, Radan, SMIRT, SURFCAM, WorkNC and VISI.

 

 

Vero sells and supports its range of products through its direct offices in the UK, Italy, France, Germany, Netherlands, USA, Brazil, India, Japan, South Korea and China, and through a comprehensive global reseller network across more than 45 countries.
About Hexagon
Founded in 1992, Hexagon is a leading global provider of integrated design, measurement and visualisation technologies. Have close to 14 000 employees in more than 40 countries and net sales of about 2 400 MEUR.
More info visit - http://www.hexagon.com 

 

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