Hexagon AB Acquires Sole Ownership of Licom Systems GmbH
Acquisition of Alphacam Distributor Strengthens Vero Software Footprint in Central Europe23 April 2018
Based in Aachen, Germany, Licom Systems GmbH was founded as a joint venture in 1996 with the aim of developing and marketing manufacturing support software. In 2011, the company holding shared ownership of the business became part of Vero Software, which was subsequently acquired by Hexagon in 2014. Licom Systems employs 11 people, who will continue to support the Alphacam product within a new business unit of Vero Software serving Germany and other German speaking regions of Europe. Licom Systems CEO Stephan Schneider will manage the new unit, maintaining the longstanding and successful working relationships with the wider Vero Software and Hexagon businesses.
“The acquisition of Licom Systems guarantees a bright future for the Alphacam business in this important market,” said Steve Sivitter, CEO of Vero Software. “The team in Aachen brings a wealth of software expertise and knowledge of the woodworking, metalworking and stone-cutting industries, and they have worked as part of the extended Vero Software team for a number of years. Bringing Licom Systems GmbH on board will ensure security and provide the basis of our long-term investment and business development strategy.”
Licom Systems GmbH was fully consolidated as of 21 December 2017. The acquisition has no significant impact on the results of Hexagon.
Hexagon is a global leader in sensor, software and autonomous solutions. 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’s Manufacturing Intelligence division provides solutions that utilise data from design and engineering, production and metrology to make manufacturing smarter.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 20,000 employees in 50 countries and net sales of approximately 3.9bn EUR. Learn more at hexagon.com and follow us @HexagonAB.