Stockholm-based Hexagon AB, a design technology company, has announced its acquisition of Vero Software, a leader in computer aided manufacturing (CAM) software.
Vero's software aids the design and manufacturing process with solutions for programming and controlling machine tools. The company is based in Cheltenham, England.
The acquisition strengthens Hexagon's software offerings, says the company, providing them the means to close the gap of making quality data fully actionable by extending the reach of its newly developed MMS (metrology planning software) to include CAM.
“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 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,” said Rollén.
Vero had about 80 million euros ($107.7 million) in sales for 2013.
Hexagon employs more than 14 000 people in over 40 countries and had net sales of about 2.4 billion euros ($3.2 billion) in 2013.