Hexagon acquisition of innovative software solutions provider FTI industrial company
Hexagon is a leading global provider of ination technology, geographic ination industry enterprise applications and provide a driving force for the quality and productivity. March 23, Hexagon announced the acquisition of molding technology company (FTI), an innovative supplier of industrial software solutions, is committed to shorten the development cycle and reduce the cost of materials for the manufacture of sheet metal parts.
Body sheet metal is wiy used in aviation, electronic housings and other more applications. Design and manufacture of sheet metal parts quickly and cost priority is to deal with the increasingly fierce competition in the core manufacturing efficiency.
FTI is located in Burlington, Ontario, Canada, was established in 1989 to provide design sheet metal parts for the automotive, aerospace, electronics and home appliances in the field of OEM manufacturers and suppliers, simulation, feasibility analysis and cost accounting programs, to ensure that customers can designed to identify and reduce labor and material costs prior to production.
"Achieving the perfect feedback loop manufacturing, improve quality and productivity of our solution is an indispensable part of the policy," says Ola Rollén, Hexagon President and CEO. "The FTI of CAE (Computer Aided Process) technology, application of knowledge in the field of automotive sheet metal parts with our CAM (computer aided manufacturing) technology and metering program combined will enable us to provide our customers in the automotive industry continued productive forces."
FTI will become fully integrated into today. The acquisition does not significantly impact on Hexagon's earnings.
For more ination, please contact:
Maria Luthstrom, Investor Relations Manager, Hexagon AB,
+46 8 601 26 27, ir@hexagon.com
Kristin Christensen, Chief Marketing Officer, Hexagon AB,
+1 404 554 0972, media@hexagon.com
Hexagon is a leading global provider of ination technology, geographic ination industry enterprise applications and provide a driving force for the quality and productivity.
Solutions from Hexagon integration of sensors, software, customer-specific knowledge and process as a whole, to create intelligent ination ecosystem, provides actionable ination and can be used in a broad range of key industries.
Hexagon (Nasdaq Stockholm: HEXA B) has 16,000 employees in 46 countries, sales revenue reached 30 billion euros. Learn more, visit hexagon.com.
