Hexagon AB to acquire US-based AutonomouStuff, consolidates position in autonomous vehicle solutions.

Sweden M&A 03 June 2018
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Hexagon AB, a Stockholm, Sweden-based company providing digital solutions that create Autonomous Connected Ecosystems (ACE), announced the acquisition of AutonomouStuff, an American leading supplier of integrated autonomous vehicle solutions.

The financial details of the deal remain undisclosed.

AutonomouStuff, founded in 2010, is an US-based provider of turn-key platforms for autonomous vehicle development, robotics and data intelligence innovation. Its turn-key platforms, which utilise a robust portfolio of technologies, are deployed in pilot programs worldwide – representing more than 2,500 customers in the automotive and technology sectors across Silicon Valley, America, Europe, and Asia.

In 2017 AutonomouStuff sales amounted to $45M.

Hexagon, listed on Nasdaq Stockholm and led by president Ola Rollén, provides digital solutions that create Autonomous Connected Ecosystems (ACE), a state where data is connected seamlessly through the convergence of the physical world with the digital, and intelligence is built-in to all processes.

Hexagon’s industry-specific solutions leverage domain expertise in sensor technologies, software, and data orchestration to create Smart Digital Realities™ that improve productivity and quality across manufacturing, infrastructure, safety and mobility applications.

The company has approximately 18,000 employees in 50 countries and net sales of approximately 3.1bn EUR.