Hexagon Acquires Geomagic Inspection Software –
Summary
Hexagon has announced the acquisition of 3D Systems’ Geomagic suite of interoperable software packages, which are used to create high quality 3D models from multiple sources, including laser scanning. The Geomagic software tools can also be used to undertake initial free-form design, modify existing CAD models and to accurately measure and inspect parts for quality control purposes when finished. “The combination of Geomagic and our existing solutions will further strengthen our market leadership in 3D metrology and reengineering, demonstrating our commitment to deliver increasingly user friendly tools capable of executing complex tasks, so our customers can bring innovative, high quality products to the market at speed and with confidence. Hexagon will pay a purchase price of $123M for the Geomagic software business, on a cash and debt free basis. In 2023, the acquired software business had around 100 employees, generated revenues of around $30M and delivered operating margins accretive to those of the Manufacturing Intelligence division.