ROK - Hexagon AB Is One Of The Prime Automation Players You Should Know
- Hexagon is not immune to economic downturns like the current recession, but an increasing software mix is offsetting significant end-market weakness in markets like aerospace, autos, and oil/gas.
- Management is increasingly focused on comprehensive offerings that tie in multiple product offerings/capabilities like geospatial technology, CAD/CAM/simulation, metrology, sensing, and connectivity.
- Many large targeted end-markets like construction and mining are still early in their automation/digitalization adoption curves.
- Industrial software assets are highly prized, and Hexagon is priced accordingly, though not at much (if any) of a sector premium.
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Hexagon AB Is One Of The Prime Automation Players You Should Know