M&A Deal Summary

Hexagon Acquires Forming Technology

On March 23, 2016, Hexagon acquired software company Forming Technology

Acquisition Highlights
  • This is Hexagon’s 19th transaction in the Software sector.
  • This is Hexagon’s 3rd transaction in Canada.
  • This is Hexagon’s 1st transaction in Ontario.

M&A Deal Summary

Date 2016-03-23
Target Forming Technology
Sector Software
Buyer(s) Hexagon
Deal Type Add-on Acquisition

Target

Forming Technology

Burlington, Ontario, Canada
Forming Technology, Inc. is a provider of innovative manufacturing software solutions designed to reduce the development time and material costs of sheet metal components.

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Buyer(S) 1

Buyer

Hexagon

Stockholm, Sweden

Category Company
Founded 1975
Sector Information Technology
Employees25,091
Revenue 5.4B EUR (2024)
DESCRIPTION

Hexagon is a provider of integrated design, measurement, and visualization technologies. Hexagon was founded in 1975 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 43 of 89
Sector: Software M&A 19 of 39
Type: Add-on Acquisition M&A Deals 40 of 82
State: Ontario M&A 1 of 2
Country: Canada M&A 3 of 5
Year: 2016 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-18 Sigma Space

Lanham, Maryland, United States

Sigma Space Corp. is a provider of LiDAR, laser ranging, attitude determination, spectroscopy, and radiometry instrumentation for remote sensing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 AICON 3D Systems

Braunschweig, Germany

AICON 3D Systems GmbH is a provider of optical and portable non-contact 3D measuring systems for industrial manufacturing. AICON technology portfolio includes portable coordinate measuring machines for universal applications and specialised optical 3D measuring systems that enable efficient, high-precision monitoring, quality assurance and control in manufacturing production.

Buy -