HXGBF - Hexagon acquires Austria-based CADS Additive

2023-06-23 04:17:43 ET

• Hexagon ( OTCPK:HXGBF ) acquires Austria-based CADS Additive, a company focused on data preparation and postprocessing services and algorithms for additive manufacturing, for an undisclosed sum.
• The move will enable Hexagon ( OTCPK:HXGBF ) to provide customers with integrated tools that empower manufacturing teams to reduce waste and increase efficiency as they move from prototyping to production.
• Since 2021, CADS Additive and Hexagon have collaborated on projects, combining CADS Additive's build planning and support structure development capabilities with Hexagon's industry-leading Simufact Additive process simulation software.
• The company will operate as part of Hexagon's Manufacturing Intelligence division.
• The deal has no significant impact on Hexagon's earnings.

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