Hexagon acquires Septentrio to advance precision agriculture
Hexagon, specialising in digital reality solutions, has acquired Septentrio NV, which is active in the Global Navigation Satellite System (GNSS) technologies market. The deal aims to bring innovative positioning solutions to the agricultural sector, offering crop growers around the world tools to boost efficiency, precision, and sustainability.
Septentrio, headquartered in Leuven, Belgium, has around 150 employees, and is expected to generate revenues of over 50MEUR in 2024. These growth rates and margins are in line with the Hexagon Group. Septentrio will be placed within Hexagon’s Autonomous Solutions division. Completion of the transaction is subject to regulatory approvals and customary conditions and is expected to be finalised in the first half of 2025.
Solutions for diverse markets and applications
Combining Septentrio’s pioneering GNSS platform with Hexagon’s extensive positioning portfolio, including sensor fusion, anti-jamming, correction services and perception technologies, will enable solutions for diverse markets and applications. This will ensure greater accessibility to high-accuracy and high-performance positioning technology with low SWaP (Size, Weight and Power) characteristics. This will accelerate the adoption of autonomous systems in existing markets. It will also address the needs of emerging high growth segments like robotics, UAVs, autonomy and other mission-critical applications.
“The combination of Hexagon and Septentrio will transform the positioning industry across existing and new markets, setting new standards for the accuracy, resilience and scalability of positioning technologies, necessary to support and accelerate the journey towards full autonomy,” said Norbert Hanke, interim President and CEO, Hexagon AB.
