Hexagon Agrees to Acquire Septentrio
Hexagon AB has a signed an agreement this week to acquire Belgium based Septentrio for an undisclosed figure. While it hasn’t said if there will be personnel consolidation or layoffs, Hexagon did say Septentrio will be rolled into its Autonomous Solutions division.
“The combination of Hexagon and Septentrio will transform the positioning industry, setting new standards for accuracy, resilience, and scalability necessary to support and accelerate the journey towards full autonomy,” said Norbert Hanke, Hexagon AB interim president and CEO, in a statement.
Hexagon said it would merge Septentrio’s GNSS platform with its larger positioning technology portfolio of sensor fusion, anti-jamming systems, correction services and perception technologies. The focus will be on emerging autonomous systems adoption and other markets, the company said. These markets include robotics, UAVs and defense applications.
Septentrio, based in Leuven, Belgium, employs 150 people worldwide.
