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Hexagon to invest 90 MEUR in new smart factory

Hexagon to invest 90 MEUR in new smart factory

Added to MTDCNC by Hexagon MI on 27 June 2017

Hexagon, a leading global provider of information technology solutions, will reveal plans today to invest approximately 90 million EUR in a new 52,000-square-metre, state-of-the-art production facility in Hongdao, China. Details will be announced by Norbert Hanke, president of Hexagon’s Manufacturing Intelligence (MI) division, as part of HxGN LIVE, Hexagon’s international conference taking place through 16 June at The Venetian Hotel in Las Vegas, Nevada, USA. Mr. Hanke will provide information about the project during his keynote, ‘Building the Factory of the Future,’ at 1:30 p.m. PDT.

The new site, which primarily will produce metrology systems for the MI division, will utilise Hexagon’s smart manufacturing technologies to produce and calibrate the systems, as well as house software development and customer support teams covering the wider Hexagon portfolio. The Hongdao facility also will include office and meeting space, recreational areas for employees and a Hexagon solution centre. Construction will be managed using Hexagon’s own enterprise construction solution, HxGN SMART Build, and is slated to begin this year, with completion targeted for 2020.

“The factories of the future must be flexible, modular working environments with data-driven ecosystems that embed agility and quality into every phase of the production process,” said Hexagon President and CEO Ola Rollén. “Our new facility not only will deliver high-class products and services for our customers in China and the surrounding region, but also pioneer new technologies to support smart manufacturing.”

For further information, please contact:

Maria Luthström, 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 information technology solutions that drive productivity and quality across geospatial and industrial landscapes.

Hexagon’s solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 18,000 employees in 50 countries and net sales of approximately 3.1bn EUR. Learn more at
hexagon.com and follow us @HexagonAB.

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