Hexagon has entered an agreement to acquire Septentrio, a move aimed at advancing resilient assured positioning solutions across various industries.
<p>The integration of Septentrio’s GNSS platform with <a target="_blank" href="https://www.gpsworld.com/?s=Hexagon&x=0&y=0">Hexagon</a>‘s positioning technologies aims to enhance accessibility to high-accuracy positioning solutions with reduced size, weight and power requirements. This acquisition is expected to impact various sectors, including robotics, UAVs and other autonomous systems, by providing improved positioning capabilities. </p> <p>According to the company, Septentrio, based in Leuven, Belgium, employs approximately 150 people and is projected to generate over 50 million euros in revenue in 2024. The transaction, subject to regulatory approvals, is expected to be completed in the first half of 2025.</p> <p>Following the acquisition, Septentrio will continue its current business model, supplying GNSS technology to its existing OEM users. The company will be incorporated into Hexagon’s Autonomous Solutions division. It is anticipated to have significant implications for the positioning industry, potentially setting new standards for accuracy, resilience, and scalability in positioning technologies.</p> <p><p>The post <a target="_blank" rel="nofollow" href="https://www.gpsworld.com/hexagon-to-aquire-septentrio/">Hexagon to acquire Septentrio</a> first appeared on <a target="_blank" rel="nofollow" href="https://www.gpsworld.com">GPS World</a>.</p></p>
