Hexagon

What Hexagon does

Hexagon AB is a Swedish industrial technology company founded in 1992 and listed on Nasdaq Stockholm under ticker HEXA B, headquartered in Stockholm with Leica Geosystems operations in Heerbrugg, Switzerland and additional engineering centers in San Diego and Salt Lake City. The company designs and sells precision measurement, positioning, and autonomous solutions built on three technology pillars: micron-level sensors (Leica terrestrial laser scanners, robotic total stations, coordinate measuring machines, GNSS receivers, inertial navigation units), digital twin and 3D reality-capture platforms (Leica Cyclone 3DR, Nexus, Hexagon MinePlan, Green Cubes), and spatial and operational intelligence software that applies computer vision, optimization, and edge AI to industrial data.

The company is organized into 17 operating divisions spanning Manufacturing Intelligence, Infrastructure & Geospatial, Autonomous Solutions, and a dedicated Robotics Division responsible for the AEON humanoid platform. Revenue derives from a mix of capital equipment hardware sales, recurring software licenses and subscriptions (metrology, CAD/CAM, CAE, mining, and geospatial software), autonomous solutions (currently in investment phase with €50m planned for 2026), and professional services. Go-to-market is direct enterprise field sales, augmented by a global partner network of authorized resellers, software partners, and commercial partners, with more than 300 offices serving customers in roughly 50 countries.

Following the May 2026 spin-off of Octave Intelligence (asset lifecycle, geospatial, infrastructure software) and the prior ~$3.2bn sale of its Design & Engineering business to Cadence, Hexagon is repositioned as a focused leader in precision measurement and positioning. The pending $1.45bn acquisition of Waygate Technologies from Baker Hughes extends the portfolio into non-destructive testing. Marquee customers include Boeing, Lockheed Martin, CERN, ITER, BMW, Skanska, Burj Khalifa, Vale, Maaden, Oracle Red Bull Racing, John Deere, Liebherr, and JCB, supported by €855m in 2025 R&D spend (16% of net sales) and 157 patent applications filed.

Name

Hexagon

Legal name

Hexagon AB

Website

https://hexagon.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hexagon AB is a Swedish industrial technology company providing precision measurement, positioning, and autonomous solutions — including Leica Geosystems sensors, metrology software, GNSS modules, and the AEON humanoid robot — to manufacturing, construction, mining, aerospace, and defense enterprises in 50 countries.

Ownership category

akta.pro rank

Product category

Precision Measurement and Positioning Technologies

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513), Other Measuring and Controlling Device Manufacturing (334519), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Industrial Quality Inspection & Metrology (Machine Vision) (IMAIAMAF)

akta.pro secondary industries

Machine Vision & Optical Sensing (Cameras, 3D vision, LiDAR, illumination) (IMAGAFAB), Metrology, Inspection & Machine Tool Accessories (CMMs, Probing, Gauging) (IMAHADAK), Industrial Vision & Quality Inspection (HDAAAEAG), Metrology Automation & Robotics (Automated Cells, In-Line Gauging) (IMAAAHAH), Sensor Fusion, Interface ICs & Modules (AFE/Readout/Packaging/Calibration) (HDAHALAO)

Keywords

• Precision measurement technologies
• Geospatial positioning solutions
• Industrial metrology equipment
• Digital twin platforms
• Autonomous industrial robotics

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Precision Measurement and Positioning Products: Hardware sensors and measurement equipment including coordinate measuring machines (CMMs), total stations, laser scanners, GNSS receivers, and portable metrology systems. Proforma 2025 revenue of €3.7bn excluding Design & Engineering business.
2. Software Licenses and Subscriptions: Metrology software, CAD/CAM software, CAE software, mining software (Hexagon MinePlan), construction software, and geospatial platforms. Shift toward software and subscriptions emphasized at Capital Markets Day 2026.
3. Autonomous Solutions: Robotics division including AEON humanoid robots, autonomous mining solutions, and autonomous vehicle systems. Currently in investment phase with €50m planned investment in 2026.
4. Professional Services: Implementation, consulting, training, and support services across product portfolios.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Hexagon develops, manufactures, and sells precision measurement sensors, positioning systems, metrology and CAM software, digital twin platforms, and autonomous industrial solutions including the AEON humanoid robot. The company's products serve industrial customers in manufacturing, mining, construction, aerospace, defense, and agriculture with micron-level accuracy in measurement, AI-driven inspection, and integrated digital twin capabilities. Major product lines include Leica terrestrial laser scanners (RTC series), robotic total stations (TS20), coordinate measuring machines, GNSS modules (Septentrio mosaic-G5 P6), mining software (MinePlan), CAM software (Esprit Edge, NCSIMUL), and the Green Cubes environmental monitoring platform.

Product overview

Hexagon provides a comprehensive portfolio of precision measurement, positioning, and autonomous solutions organized across three Business Areas (Manufacturing Intelligence, Infrastructure & Geospatial, and Autonomous Solutions) plus a Robotics Division. The product portfolio centers on Leica Geosystems hardware (terrestrial laser scanners including the new RTC series, robotic total stations like the TS20, portable trackers like the ATS800) paired with metrology and CAM software (QUINDOS, NCSIMUL, Esprit Edge). The Autonomous Solutions portfolio includes Septentrio GNSS positioning modules, Hexagon MinePlan mining software, and Green Cubes environmental monitoring platforms. The Robotics Division offers the AEON humanoid robot for industrial automation. Major acquisitions include Waygate Technologies (non-destructive testing, pending close) and Inertial Sense (GNSS+INS navigation). The company operates a cloud platform (Hexagon GeoCloud) for data management and collaboration, with AI capabilities embedded across hardware (edge AI in TS20) and software products (FeatureDetect, ProPlanAI). Hexagon's solutions serve aerospace, automotive, construction, mining, and manufacturing industries.

Differentiator

Problem solved

Functional benefit

Brands

• AEON: Humanoid robot developed by Hexagon Robotics division for industrial applications
• Leica
• Waygate Technologies
• Septentrio
• Green Cubes

Products and services

• Leica RTC Series Terrestrial Laser Scanners Terrestrial laser scanner product line (RTC300, RTC500, RTC700) combining speed and versatility of RTC360 with accuracy of ScanStation P-Series, featuring Livelink real-time cloud workflow connectivity and three upgradeable performance tiers for surveying, construction, industrial plants, public safety, and infrastructure applications.
• Leica TS20 Robotic Total Station Robotic total station with edge AI powered by Neural Processing Unit, AI-Detect target recognition, AI-Follow tracking, cloud connectivity, and GeoCloud Protect theft deterrence. Designed for cadastral to construction surveying applications.
• Leica Absolute Tracker ATS800 Portable laser measurement system for large-scale manufacturing environments including aircraft assembly, shipbuilding, and wind turbine production, with AI-powered FeatureDetect for automated quality inspections and direct scanning from up to 40 metres distance.
• AEON Humanoid Robot Industrial humanoid robot developed by Hexagon Robotics with wheel-based locomotion, unique sensor suite, and high-precision manipulation for machine tending, inspection, and operational support in manufacturing environments.
• NCSIMUL CNC Simulation Software CNC simulation software with patent-pending Selective Simulation capability using GPU-accelerated Rest Stock Previews during NC decoding phase, enabling faster verification of complex NC programs.
• Esprit Edge CAM Software CAM software for CNC programming with AI-powered ProPlanAI for turning, mill-turn, and Swiss programming, including collision detection and five-axis composite machining.
• QUINDOS Metrology Software Metrology software for coordinate measuring machines featuring advanced CMM monitoring, high-speed scanning, gear and drivetrain analysis tools, and CAD-based programming with E57 point cloud data support.
• Leica Cyclone 3DR Point Cloud Software Point cloud processing software with AI-powered categorization for interpreting 3D geospatial datasets, used by surveying and reality capture customers for automated classification of point cloud data.
• Septentrio mosaic-G5 P6 GNSS Module Compact multi-frequency GNSS positioning module with AIM+ Premium anti-jamming technology, high update rates with low latency, and Galileo HAS compatibility for decimeter-level positioning in UAVs, robots, and industrial automation.
• MAESTRO Coordinate Measuring Machine Platform All-digital coordinate measuring machine (CMM) platform featuring transformative metrology technologies for automated measurement in manufacturing environments.
• Nexus Digital Industrial Platform Digital industrial platform for manufacturers to connect and collaborate across people, technology, and data, enabling cross-functional collaboration and data integration in manufacturing operations.
• Hexagon MinePlan Mining Software Mining software solutions including MinePlan OP Engineering Short Term providing tools for engineers to produce short-term tactical schedules for open pit mines, part of Hexagon's digital mining portfolio.
• Hexagon OP Collision Avoidance System Safety system protecting people, vehicles, and equipment with 360-degree awareness and ongoing safety upgrades for mining and construction operations.
• Green Cubes Environmental Digital Twin Platform Environmental monitoring digital twin platform combining LiDAR, satellite imagery, AI, and digital twin technology for biodiversity monitoring, environmental rehabilitation tracking, and ESG regulatory compliance in mining reclamation.
• Leica SmartScan VR800 Optical 3D Scanner Optical 3D scanner with motorized zoom lens, part of Hexagon's structured light 3D scanner portfolio for industrial scanning and quality control applications.
• Leica BLK2GO Handheld Reality Capture Scanner Handheld reality capture scanner for rapid 3D documentation, used by customers such as Skanska for building material inventory management and recycling applications.
• VGSTUDIO MAX CT Analysis Software CT analysis and visualization software used for medical segmentation, enabling reduction of CT segmentation from 1 hour to 20 seconds per scan for fast, precise 3D implant design. Includes VGTRAINER for medical imaging applications.
• HYPERPROBE Wireless Contact Probe Wireless contact probe adding measurement capability to the HYPERSCAN large-volume laser scanning system, with accuracy down to 0.05mm, measurement volumes up to 7m, and 4 hours battery life.

Quantifiable outcome

• 50% fewer faults in two years for Oracle Red Bull Racing
• +5 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability15 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered major, core and flagship.

• Cadence Design SystemsmajorOthers · 28 May 2026Hexagon completed sale of Design & Engineering business to Cadence for approximately $3.2 billion. Cadence integrated Hexagon's simulation business into its portfolio.
• Fill MaschinenbaumajorStrategic or Co-development Partner · 1 May 2026Partnership to deploy AEON humanoid robot across Fill's advanced production facilities in Gurten, Austria. Multi-purpose humanoid undergoing pilot testing for machine tending, inspection, and operational support tasks.
• Baker HughesmajorOthers · 24 April 2026Hexagon agreed to acquire Waygate Technologies from Baker Hughes for $1.45 billion. Waygate is a global leader in non-destructive testing (CT, radiography, RVI) with $630m revenue and 1,500 employees.
• NVIDIAcoreTechnology or Integration · 22 April 2026Deepening strategic collaboration with NVIDIA. Hexagon reality technologies support NVIDIA Omniverse Cloud APIs launch. Partnership focuses on physical AI, digital twins, and robotics integration.
• Schaeffler AGflagshipStrategic or Co-development Partner · 22 April 2026Strategic partnership to deploy at least 1,000 AEON humanoid robots across Schaeffler's global factory network by 2032. Schaeffler provides high-precision actuators as technology backbone for humanoid robots. Partnership includes automated parts inspection applications rollout starting end of 2026.
• Murata ManufacturingmajorTechnology or Integration · 21 April 2026MEMS-based positioning systems developed with Hexagon. Collaboration for sensors and connectivity innovation targeting mobility, medical, and industrial sectors.
• ValemajorStrategic or Co-development Partner · 15 April 2026Vale deploying Hexagon's Green Cubes digital twin platform at closed mine sites for biodiversity monitoring and rehabilitation assessment at Mina de Águas Claras site in Brazil.
• SamarcomajorStrategic or Co-development Partner · 15 April 2026Samarco deploying Green Cubes digital twin technology at Gaio and Horto Alegria sites for environmental monitoring and mining reclamation.
• RodRadarmajorTechnology or Integration · 27 February 2026Joint development of integrated excavator safety system embedding RodRadar's ground-penetrating radar in excavator buckets to automatically halt hydraulic movement when underground utilities are detected.
• BMW GroupflagshipStrategic or Co-development Partner · 1 December 2025BMW deploying Hexagon's AEON humanoid robots at Leipzig factory for EV battery assembly and component manufacturing. Follows successful pilot at Spartanburg plant where Figure O2 contributed to 30,000 X3 vehicles.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Trimble: Trimble provides GNSS, total stations, geospatial software and construction technology solutions directly comparable to Hexagon's Leica Geosystems division, with overlapping customer bases in surveying, construction and agriculture.
• Topcon Positioning Systems: Topcon competes directly with Hexagon's Leica Geosystems in total stations, GNSS receivers, machine control and precision agriculture positioning, serving the same surveying and construction end markets.
• Renishaw: Renishaw is a leading manufacturer of coordinate measuring machines, probes and metrology equipment that directly competes with Hexagon's Manufacturing Intelligence CMM and metrology portfolio in industrial quality inspection.
• Carl Zeiss (Industrial Metrology / ZEISS Industrial Quality Solutions): ZEISS Industrial Quality Solutions (including GOM) directly competes with Hexagon in industrial 3D scanning, optical metrology and computed-tomography-based quality inspection, and was named alongside Hexagon as a leader in the industrial 3D scanner market.
• FARO Technologies: FARO is a direct competitor in portable 3D measurement, laser scanning and dimensional metrology, overlapping with Hexagon's Leica RTC, ATS800 and BLK scanning product lines in industrial and AEC markets.
• Creaform (AMETEK): Creaform, part of AMETEK, provides portable 3D scanners and measurement solutions that compete with Hexagon's portable metrology offerings in industrial quality control and reverse engineering.

Broad incumbents

• Autodesk: Autodesk acquired Hexagon's Design & Engineering business for ~$3.2bn and is now an overlapping incumbent in CAD/CAM/CAE for manufacturing, complementing Hexagon's metrology and manufacturing-intelligence software stack.
• Caterpillar (Cat MineStar / autonomy): Caterpillar offers autonomous mining trucks, Cat MineStar fleet management and mine planning solutions that overlap with Hexagon's Autonomous Solutions mining software and HARD-LINE remote-control portfolio.

Emerging players

• Apptronik: Apptronik is a humanoid robotics startup (Apollo robot, Mercedes-Benz and Google DeepMind partnerships) directly competing with Hexagon's AEON for industrial humanoid deployments in automotive and logistics customers.
• Figure AI: Figure AI's Figure 02 humanoid robot is already deployed at BMW Spartanburg, directly competing with Hexagon's AEON for industrial humanoid manufacturing contracts in the automotive OEM channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/HexagonAB
• YouTubeyoutube.com/hexagonvideos
• Facebookfacebook.com/HexagonAB
• LinkedInlinkedin.com/company/hexagon-ab
• Instagraminstagram.com/hexagon_ab

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries14 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A99 records

Investments10 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hexagon