Hexagon Acquires Vero Software
This strategic acquisition extends the reach of Hexagon software, closing the gap of making quality data fully actionable by including CAM (manufacturing planning software) with MMS (metrology planning software).
Hexagon AB (Stockholm, Sweden), a leading global provider of design, measurement and visualization technologies, has announced the acquisition of Vero Software Limited (Cheltenham, England), a world leader in computer aided manufacturing (CAM) software.
The UK-based CAM software supplier has a strong brand and proven customer satisfaction track record. Their software aids the design and manufacturing process with solutions for programming and controlling machine tools, addressing the rising challenge of achieving manufacturing efficiencies with high-quality output.
Several well-known brands inside Vero Software’s portfolio include Alphacam, Cabinet Vision, Edgecam, Radan, SURFCAM, VISI, and WorkNC. The company has large market coverage through offices in the UK, Germany, Italy, France, Japan, the U.S., Brazil, Netherlands, China, Korea, Spain and India, supplying products to more than 45 countries through its wholly-owned subsidiaries and reseller network.
The acquisition strengthens Hexagon’s software offerings, providing the means to close the gap of making quality data fully actionable by extending the reach of the newly developed MMS (metrology planning software) to include CAM (manufacturing planning software).
“Together with its unique suite of manufacturing software solutions, Vero Software has the expertise, knowledge and resources to deliver even higher levels of productivity to our customers,” said Ola Rollén, the president and chief executive officer of Hexagon. “Leveraging our global footprint, the synergies from our combined technologies will advance our strategy, supporting the growing need to integrate all data and processes across the manufacturing lifecycle.”
Vero Software will be fully consolidated as of August 2014 (closing being subject to regulatory approval) and will positively contribute to Hexagon earnings. The company’s turnover for 2013 amounted to approximately €80 million.