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Hexagon

December 10, 2024

Hexagon appoints new Group Executive Vice President and new President of Hexagon’s Geosystems division

· Thomas Harring, currently President of Hexagon’s Geosystems division, appointed Executive Vice President (EVP) of Hexagon · Henning Sandfort to join as President of Hexagon’s Geosystems division · Both changes will go into effect 1 February 2025 In his role as EVP, Thomas Harring will be responsible for enhancing Hexagon’s overall operational excellence and driving business transformation across divisions and regions. “I’m pleased to announce that Thomas will support Hexagon’s operations and critical projects during a time of transition and tremendous opportunity for

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ASSA ABLOY acquires Pedestal PRO in the US

Assa Abloy
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2025
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04
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17
ASSA ABLOY has acquired Pedestal PRO, a US manufacturer of access control pedestals, bollards, and innovative mounting solutions. "I am very pleased to welcome Pedestal PRO into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business,” says Nico Delvaux, President and CEO of ASSA ABLOY. "Pedestal PRO is an established innovator that seamlessly integrates design, architectural elements, and access control technology, and I am excited for them to be part of ASSA
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Hexagon to acquire CONET Communications assets to strengthen public safety capabilities

Hexagon
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2025
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04
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17
Hexagon AB today announced an agreement to acquire the Unified Communications Radio Suite (UCRS) software assets of CONET Communications GmbH (CCOM), part of CONET Group, to complement its public safety platform. UCRS is a high-performance communication solution for control centres capable of integrating diverse channels such as Private Branch Exchange (PBX) and mobile phone networks, digital radio, business information systems, public address systems, video surveillance (CCTV), video conferencing, and satellite communication infrastructures. Combining UCRS with Hexagon's public safety
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Hexagon announces an update on performance in the first quarter of 2025

Hexagon
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2025
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04
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11
Following a good start to the year, Hexagon has recorded a weaker than expected financial performance in March, which is the most significant month in the quarter for revenues. Growth in the key NAFTA and China markets declined in the last two weeks of March, with economic uncertainty impacting deliveries. Recurring revenues grew strongly during the quarter, but this was more than offset by weakness in sensor sales. The decline in sensor volumes in March, coupled with a 6 MEUR drag from currency transaction effects, had a negative short-term impact on EBIT1 margins. Preliminary reporting
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