Hexagon accelerates its simulation portfolio and autonomous X strategy with the acquisition of VIRES15 May 2017
Hexagon, a leading global provider of information technology solutions, today announced the acquisition of VIRES, a German-based, leading provider of simulation software solutions that support the development, testing and validation of driver-assisted and fully autonomous driving technology.
VIRES’s proven simulation solutions have been recognised for their robustness, performance and ease of building simulation environments for over 20 years. Their worldwide customer list spans prominent automotive OEMs and suppliers as well as recent entrants to the automotive market to companies in the railway and aerospace industries and elite universities involved in shaping the future of mobility.
“The VIRES acquisition strengthens our CAE (simulation) platform with an industry-proven solution”, says Hexagon President and CEO Ola Rollén. “It also supports our overall autonomous X vision – to deliver a software-driven, intelligent ecosystem that leverages our expertise in 3D mapping and other essential sensor technologies to make safe, autonomous vehicles a reality.”
The company’s core product, VIRES Virtual Test Drive (VTD), supports a wide range of additional tools and services. As a main contributor to the industrial consortia behind interoperability standards, VIRES is a driving force in automotive simulator technology.
VIRES will be fully consolidated as of today. The acquisition has no significant impact on Hexagon's earnings.
Maria Luthstrom, Investor Relations Manager, Hexagon AB,
+46 8 601 26 27, firstname.lastname@example.org
Kristin Christensen, Chief Marketing Officer, Hexagon AB,
+1 404 554 0972, email@example.com
Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications.
Hexagon’s solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries.
Hexagon (Nasdaq Stockholm: HEXA B) has more than 18,000 employees in 50 countries and net sales of approximately 3.1bn EUR. Learn more at hexagon.com and follow us @HexagonAB.