Author

IAGC
Jan 7, 2025

Hexagon to acquire Septentrio, revolutionising positioning in mission-critical navigation and autonomy applications

Hexagon announced an agreement to acquire Septentrio NV, a leading OEM provider of Global Navigation Satellite System (GNSS) technologies, to drive innovation and expand the market reach of Resilient Assured Positioning solutions.

Combining Septentrio’s pioneering GNSS platform with Hexagon’s extensive positioning portfolio, including sensor fusion, anti-jamming, correction services and perception technologies, will enable cutting-edge solutions for diverse markets and applications.

Septentrio, headquartered in Leuven, Belgium, has around 150 employees, and is expected to generate revenues of over €50 million in 2024, with strong growth rates and margins.

IA Global Capital has served as the exclusive financial advisor to Septentrio.

Read the full article here.