Hexagon AB, a leading global provider of design, measurement and visualisation technologies, announced today the acquisition of Vero Software, a world leader in Computer Aided Manufacturing (CAM) software.
Vero Software is a UK-based software company with a strong brand and proven customer satisfaction track record. Their software aids the design and manufacturing process with solutions for programming and controlling machine tools, addressing the rising challenge of achieving manufacturing efficiencies with high-quality output.
Several well-known brands in Vero Software’s portfolio include Alphacam, Cabinet Vision, Edgecam, Radan, SURFCAM, VISI, and WorkNC. The company has large market coverage with offices in the UK, Germany, Italy, France, Japan, USA, Brazil, Netherlands, China, Korea, Spain and India supplying products to more than 45 countries through its wholly owned subsidiaries and reseller network.
The acquisition strengthens Hexagon’s softwareofferings,providing the means toclosethe gapofmaking quality data fully actionablebyextending the reach ofthe newly developed MMS (metrology planningsoftware)to includeCAM (manufacturing planningsoftware).
"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 Hexagon President and CEO Ola Rolln. "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 Software will be fully consolidated as of August 2014 (closing being subject to regulatory approval) and will positively contribute to Hexagon’s earnings. The company’s turnover for 2013 amounted to approximately 80 million EUR.
