TBC News

Tag: Hexagon

  • Is Hexagon AB Ready to Embrace Change with a Business Spin-Off?

    Hexagon AB has announced its Board of Directors has authorized management to explore a potential spin-off of its Asset Lifecycle Intelligence (ALI) business.

    This proposed separation could take the form of a Lex Asea distribution to shareholders, with listing options being evaluated in both the U.S. and Sweden.

    The new entity, referred to as NewCo, is expected to encompass the ETQ and Bricsys businesses, along with the Utilities & Infrastructure division transitioning into ALI.

    The goal of this separation is to create two distinct public companies, each with unique operational strategies and financial profiles.

    Hexagon aims to sharpen its focus on real-time data integration while NewCo will concentrate on digital asset management.

    With approximately 5,000 employees and revenues nearing EUR 980 million, NewCo is poised for significant growth.

    Mattias Stenberg, currently President of Hexagon’s ALI division, will lead NewCo.

    Chairman Ola Rollén emphasized that both companies will benefit from enhanced competitive advantages through this strategic move.

    The separation process is projected to take between 12 to 18 months and will require board and shareholder approval.

    While the future remains uncertain, this potential spin-off could redefine the landscape for both Hexagon and NewCo.

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  • Digital Twin technology in action!

    Digital Twin technology in action!

    Hexagon’s Safety, Infrastructure & Geospatial division and Fujitsu Limited have jointly developed digital twin applications for predicting and mitigating natural disasters and traffic accidents.

    The solutions are a result of the two companies’ ongoing efforts to create resilient, disaster-resistant cities based on a business alliance formed in June 2022.

    The digital twin technology will enhance predictive disaster and traffic safety management.

    To support disaster mitigation, the two companies are developing a prediction model that calculates the extent and impact of flooding from precipitation data, visualizes the extent of flooding and performs damage prediction analysis. Based on the analysis, cities can develop disaster response plans.

    To support traffic safety, the companies have focused on an application that identifies areas where heavy traffic and road design heighten the risk of accidents and proposes measures for improvement.

    The application would allow city planners and road administrators to develop safer, more resilient transportation networks.

    Going forward, Fujitsu and Hexagon will continue conducting field trials with customers in the administrative, municipal and transportation sectors to support decision making for urban environmental optimization, with an aim to develop solutions globally by the end of fiscal 2023 ending March 2024.

    Mladen Stojic, president of government, transportation, defense and security for Hexagon’s Safety, Infrastructure & Geospatial division, said the partnership with Fujitsu continues to pay dividends for cities. “Hexagon is proud to work with Fujitsu to provide cities with tools to take control of their futures,” said Stojic.

    “By monitoring and mitigating factors that have negative impacts on society, from pollution to traffic congestion to flooding, our partnership is helping to make urban areas more sustainable and liveable.”

    Yoshinami Takahashi, SEVP, Head of Global Business Solutions of Fujitsu Limited said, “We are very pleased to report on the progress of our partnership with Hexagon, which represents a big step towards realizing Fujitsu’s Trusted Society for Fujitsu Uvance.”