M&A Deal Summary

Hexagon Acquires Xwatch

On April 23, 2024, Hexagon acquired technology hardware company Xwatch

Acquisition Highlights
  • This is Hexagon’s 10th transaction in the Technology Hardware sector.
  • This is Hexagon’s 9th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-04-23
Target Xwatch
Sector Technology Hardware
Buyer(s) Hexagon
Deal Type Add-on Acquisition

Target

Xwatch

Cwmbran, United Kingdom
Xwatch provides machine control hardware and software technologies designed to enhance safety protocols on construction sites. This includes height control, slew control, and rated capacity indication (RCI) for heavy machinery, allowing operators to limit an excavator's height and set side boundaries to define a working zone, significantly increasing safety around a machine. Xwatch is based in Cwmbran, United Kingdom.

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Buyer(S) 1

Buyer

Hexagon

Stockholm, Sweden
Category Company
Founded 1975
Sector Information Technology
Employees24,091
Revenue 5.4B EUR (2023)
DESCRIPTION

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

DEAL STATS #
Overall 80 of 84
Sector (Technology Hardware) 10 of 11
Type (Add-on Acquisition) 75 of 78
Country (United Kingdom) 9 of 9
Year (2024) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 Itus Digital

Roanoke, Virginia, United States

Itus Digital is a provider of asset performance management (APM) software. The company provides SaaS-based innovative solutions that help optimize the performance of industrial assets. Its APM platform manages the entire asset strategy and digital twin lifecycle to identify and prioritize asset risk exposure, safeguard assets against known failure modes, monitor asset condition and performance, and take timely measures when risks increase or threats emerge. Itus Digital is based in Roanoke, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 Voyansi

New York, New York, United States

Voyansi is an AECO (architecture, engineering, construction and operations) focused provider of BIM (Building Information Modelling) and VDC (Virtual Design and Construction) solutions, reality capture services and BIM workflow software development. Voyansi is based in New York.

Buy -
Mergr

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