Hexagon to acquire Septentrio

Hexagon AB has agreed to acquire Septentrio NV, a provider of Global Navigation Satellite System (GNSS) technologies. Terms were not disclosed.

“The combination of Hexagon and Septentrio will transform the positioning industry across existing and new markets, setting new standards for the accuracy, resilience and scalability of positioning technologies, necessary to support and accelerate the journey towards full autonomy,” said Norbert Hanke, interim President and CEO, Hexagon AB, Stockholm, Sweden.

Septentrio’s AntaRx-Si3, introduced in 2024, is a GNSS/INS (Inertial Navigation System) smart antenna in a rugged enclosure, designed for installation on machines used in agriculture and construction. (Photo: Septentrio)

Combining Septentrio’s GNSS platform with Hexagon’s positioning portfolio, including sensor fusion, anti-jamming, correction services and perception technologies, is expected to enable cutting-edge solutions for diverse markets and applications.

Hexagon said the acquisition will ensure greater accessibility to high-accuracy and high-performance positioning technology with low SWaP (Size, Weight and Power) characteristics as well as accelerate the adoption of autonomous systems in existing markets. It is also expected to help address the needs of emerging high-growth segments such as robotics, UAVs, autonomy and other mission-critical applications.

Headquartered in Leuven, Belgium, Septentrio, has around 150 employees and a world-wide presence with offices in Los Angeles, Shanghai, Seoul and Yokohama. It will be reported within Hexagon’s Autonomous Solutions division. Completion of the transaction is subject to regulatory approvals and customary conditions and is expected to be finalized in the first half of 2025.

Septentrio will reportedly continue to operate its business model of supplying state-of-the-art GNSS technology and products to its large base of industry leading OEM customers.