Hexagon Acquires Vero Software
Hexagon AB, a global provider of design, measurement and visualization technologies, has announced the acquisition of Vero Software, a UK-based CAM software supplier.
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, a global provider of design, measurement and visualization technologies, has announced the acquisition of Vero Software, a UK-based CAM software supplier. Vero’s software aids the design and manufacturing process with solutions for programming and controlling machine tools. According to Hexagon, the software addresses the rising challenge of achieving manufacturing efficiencies with high-quality output.
Vero Software’s brands include Alphacam, Cabinet Vision, Edgecam, Radan, SurfCAM, Visi, and WorkNC. The company has offices in the UK, Germany, Italy, France, Japan, United States, Brazil, the Netherlands, China, Korea, Spain and India, supplying products to more than 45 countries through its wholly owned subsidiaries and reseller network.
The acquisition is said to strengthen Hexagon’s software offerings, providing the means to close the gap of making quality data fully actionable by extending the reach of the newly developed metrology planning software (MMS) to include CAM (manufacturing planning software).
“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,” says Hexagon President and CEO Ola Rollén. “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, Hexagon says. The company's turnover for 2013 amounted to approximately 80 million Euros.
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