Hexagon announced an agreement to acquire Septentrio NV, an OEM provider of Global Navigation Satellite System (GNSS) technologies, to drive innovation and expand the market reach of Resilient Assured Positioning solutions.
High-accuracy and performance
Combining Septentrio's pioneering GNSS platform with Hexagon’s extensive positioning portfolio, including sensor fusion, anti-jamming, correction services, and perception technologies, will 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.
This will 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.
GNSS technology
Septentrio has built its reputation on innovation and customer focus and will together with Hexagon
Septentrio has built its reputation on innovation and customer focus and will together with Hexagon continue to operate its business model of supplying state-of-the-art GNSS technology and products to its large base of OEM customers.
"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, Hexagon AB.
Septentrio
Septentrio, headquartered in Leuven, Belgium, has around 150 employees and is expected to generate revenues of over 50 MEUR in 2024, with strong growth rates and margins in line with the Hexagon Group. Septentrio will be reported within Hexagon’s Autonomous Solutions division.
Completion of the transaction is subject to regulatory approvals and other customary conditions and is expected to be finalised in the first half of 2025.
