M&A Deal Summary

Hexagon Acquires Itus Digital

On April 4, 2024, Hexagon acquired software company Itus Digital

Acquisition Highlights
  • This is Hexagon’s 38th transaction in the Software sector.
  • This is Hexagon’s 23rd transaction in the United States.
  • This is Hexagon’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2024-04-04
Target Itus Digital
Sector Software
Buyer(s) Hexagon
Deal Type Add-on Acquisition

Target

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.

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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 79 of 82
Sector (Software) 38 of 38
Type (Add-on Acquisition) 74 of 77
State (Virginia) 3 of 3
Country (United States) 23 of 24
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-12 HARD-LINE

Dowling, Ontario, Canada

HARD-LINE specializes in remote control solutions and related network infrastructure, enabling the tele-remote operation of heavy machinery from a secure control station on the surface or underground, regardless of distance. HARD-LINE is based in Dowling, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-23 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.

Buy -
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