Takeover of Septentrio

Hexagon has announced an agreement to acquire Septentrio, an OEM provider of Global Navigation Satellite System (GNSS) technologies.

The combination of Septentrio's GNSS platform with Hexagon's positioning portfolio, including sensor fusion, anti-jamming, correction services and perception technologies, is expected to enable cutting-edge solutions for diverse markets and applications. This will ensure greater accessibility to high-accuracy and high-performance positioning technology with low SWaP (Size, Weight and Power) characteristics. It should also accelerate the adoption of autonomous systems in existing markets and address the needs of emerging high growth segments like robotics, UAVs, autonomy and other mission-critical applications.

"The combination of Hexagon and Septentrio will transform the positioning industry across existing and new markets, setting new standards for the accuracy, resilience and scalability of positioning technologies, necessary to support and accelerate the journey towards full autonomy," said Norbert Hanke, interim President and CEO of Hexagon.

Septentrio is headquartered in Leuven, Belgium, and employs around 150 people. The company is expected to generate revenues in excess of EUR 50 million in 2024, with strong growth rates and margins in line with the Hexagon Group. Septentrio will be reported within Hexagon's Autonomous Solutions division. The closing of the transaction is subject to regulatory approvals and customary conditions and is expected to take place in the first half of 2025.

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