Hexagon announces the acquisition of SPRING Technologies, a French developer of machine tool simulation and verification software.
Hexagon AB, a Stockholm, Sweden-based developer of digital solutions, announced the acquisition of SPRING Technologies.
The company will operate within Hexagon's Manufacturing Intelligence division as part of the CAD/CAM and production software business currently led by the Vero Software brand.
The financial details of the transaction remain undisclosed.
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.
SPRING Technologies, based in Paris, France and led by CEO Gilles Battier, is a software provider specialising in integrated solutions for optimising the machining workflow through machine tool simulation, toolpath verification and optimisation, and machine tool management. Its solutions are in use at major OEMs and suppliers worldwide, helping streamline the manufacturing process through the optimisation of machine tool performance and productivity.