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Hexagon to acquire geospatial radar technology firm

April 1, 2016  - By 0 Comments

Hexagon AB plans to acquire the GeoRadar division of the Italian-based company Ingegneria dei Sistemi S.p.A, a privately owned company with core expertise in radar-based solutions for multiple industries.

Located near Pisa, Italy, with approximately 60 employees, the IDS GeoRadar division provides the mining and geospatial industries with innovative radar solutions for structural health monitoring and underground utility mapping.

GeoRadar’s structural health monitoring solutions enable engineers to remotely monitor — in real time — movements and vibrations of the earth such as mine walls, landslides, and glaciers and a wide variety of infrastructures such as bridges, buildings and dams. Its underground utility detection solutions provide engineers with dimensional information such as size and location of buried pipes and/or the health condition of roads and rail tracks through the detection of underground cracks and cavities.

“GeoRadar’s solutions nicely complement our reality capture solutions, enriching Hexagon’s portfolio across a wide variety of segments like surveying, construction and mining,” said Hexagon President and CEO Ola Rollén. “Additionally, combining GeoRadar’s technologies with our mobile reality capture portfolio broadens our solution offering for large-scale asset management across segments like utilities, road and rail.”

The transaction remains subject to customary closing conditions. Closing is expected during the second quarter of 2016. IDS GeoRadar turnover for 2015 amounted to approximately 18 MEUR.

This article is tagged with , , and posted in GIS News, Imagery, Mapping, Technology
Tracy Cozzens

About the Author:

Senior Editor Tracy Cozzens joined GPS World magazine in 2006. She also is editor of GPS World’s newsletters and the sister website Geospatial Solutions. She has worked in government, for non-profits, and in corporate communications, editing a variety of publications for audiences ranging from federal government contractors to teachers.

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