Hexagon acquires Belgian CAD software company Bricsys.

Sweden M&A 23 October 2018
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Hexagon AB, a Stockholm, Sweden-based developer of digital solutions, announced the acquisition of Bricsys, a Ghent, Belgium-based developer of CAD (computer-aided design) software.

The financial details of the transaction remain undisclosed. Bricsys will be fully consolidated and operate within Hexagon's PPM division

Bricsys, founded in 2002, developed BricsCAD, which supports 2D/3D general, mechanical, and sheet metal design and building information modelling (BIM) in one system. It's 100% based on the de facto standard design format (.dwg), providing designers, engineers, and BIM professionals powerful access to the huge potential of vertical CAD applications created by thousands of third-party developers.

The company's turnover for 2017 amounted to approximately EUR 13M ($14.9M).