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.
For further information please contact:
Maria Luthstrom, Head of Investor Relations, Hexagon AB, +46 8 601 26 27, email@example.com
Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554 0972, firstname.lastname@example.org
Hexagon is a global leader in sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications.
Our technologies are shaping urban and production ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 20,000 employees in 50 countries and net sales of approximately 3.8bn EUR. Learn more at hexagon.com and follow us @HexagonAB.