Hexagon AB generates its revenue by providing solutions and services for surveying, power and energy, infrastructure and construction, electronics and manufacturing, automotive, and aerospace and defense. The company has a high focus on physical security. It gathers more than 9% of its revenue by delivering physical security solutions and services. The company has a worldwide reach with regional and sales offices set up in North America, Europe, MEA, and APAC. The company has a wide industry reach and caters CIP products and services for various industry verticals, such as energy and power, power grids, oil and gas, public safety, sensitive infrastructures, and enterprises.
The company is extremely active in adopting inorganic growth strategies, such as mergers and acquisitions. Some of the companies that have been acquired by Hexagon include MSC Software, Multivista, NESTIX Oy, AICON 3D Systems, Forming Technology, SigmaSpace, and SCCS Hexagon is not very active in undertaking partnerships and collaborations. This may affect the company’s position in the CIP market. Hexagon is also active in adopting organic growth strategies, such as new product launches and product enhancements. Recently, the company launched a vehicle intervention system named HxGN Mine VIS. HxGN Mine VIS has advanced detection features and capabilities that halt vehicles in a critical infrastructure environment when an obstacle is detected.