Hexagon Buys CAD/CAM Developer Vero
By Patrick Waurzyniak
Measurement systems builder Hexagon AB (Stockholm), parent company of Hexagon Metrology (North Kingstown, RI), today announced that it has acquired UK-based CAD/CAM software developer Vero Software.
Vero’s software portfolio consists of a wide array of CAD/CAM brands, including Edgecam, Surfcam, Machining Strategist, Visi, WorkNC, Radan, Alphacam, Peps, Cabinet Vision, Smirt, and the manufacturing resource planning (MRP) system Javelin. Vero has offices in more than 45 countries.
No financial details of the transaction were disclosed. Hexagon said Vero Software would be fully consolidated as of August 2014, with the closing subject to regulatory approval. Vero’s turnover for 2013 was approximately €80 million ($108 million).
The acquisition will strength Hexagon’s software offerings and provide the means to close the gap of making quality data fully actionable by extending the reach of the new metrology planning software to include CAM software, Hexagon said. “Together with its unique suite of manufacturing software solutions, Vero Software has the expertise, knowledge and resources to deliver even higher levels of productivity to our customers,” said Ola Rollén, Hexagon president and CEO, in a statement. “Leveraging our global footprint, the synergies from our combined technologies will advance our strategy, supporting the growing need to integrate all data and processes across the manufacturing lifecycle.”
Vero recently announced that recently released CIMdata Inc. (Ann Arbor, MI) 2014 NC Software market analysis report ranked the company as now the world’s top CAM-focused business ranked on the basis of installed seats. The report ranked Vero first with a 20.2% market share, followed by CNC Software (Tolland, CT), developer of Mastercam, with a 9.4% share. CAM-centric developer Delcam plc (Birmingham, UK) was the next largest CAM supplier in installed seats with an 8.3% share, followed by PTC (Needham, MA) with 6.7%; Siemens PLM Software (Plano, TX) at 6.1%; and Dassault Systèmes (Paris) at 5.6%.
The Vero acquisition is latest of several software-related purchases by Hexagon in 2014. Among the latest, on June 11 Hexagon announced it had acquired the remaining 90% share of North West Geomatics Ltd. (Calgary, AB, Canada), a supplier of aerial mapping and related spatial data services to engineering and mapping firms. Hexagon bought a 10% share in North West Geomatics in 2012. On June 2, the metrology giant announced it had acquired iLab Sistemas (Ribeirão Preto, Brazil), a provider of planning and optimization solutions for the agriculture sector, focusing on the sugar and ethanol industries.
Published Date : 7/21/2014