Hexagon AB (STO:HEXAB), a Nacka Strand, Sweden-based provider of information technologies for geospatial and industrial enterprise applications, acquired SigmaSpace Corporation, a US provider of technologies used to rapidly deliver high-quality 3D maps of the Earth.
The amount of the deal was not disclosed.
Headquartered near Washington, D.C. with approximately 110 employees, SigmaSpace offers a LiDAR technology – Single Photon LiDAR (SPL) – which enables 3D data collection at higher speeds and resolution than conventional systems. This technology operates in night and day conditions and is able to penetrate semi-porous targets such as vegetation, tree canopies, ground fog, and clouds.
The company, which serves private and government clients, including NASA and the U.S. Department of Defense, respond to the growing need for this kind of data, had a turnover amounting to approximately $25M in 2015.
Led by Ola Rollén, President and CEO, Hexagon is a global provider of information technologies for geospatial and industrial enterprise applications. Its solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems and are used in a broad range of vital industries. Hexagon has more than 16,000 employees in 46 countries and net sales of approximately €3.0bn.