STOCKHOLM, Sweden, Jan 21, 2025 – Hexagon’s Asset Lifecycle Intelligence (ALI) division has announced the acquisition of CAD Service. CAD Service is a developer of advanced visualization tools used to integrate CAD drawings, BIM models, and reality capture data into HxGN EAM, Hexagon’s asset management solution designed to extend asset lifecycles.
CAD Service has maintained a longstanding relationship with Hexagon, having signed a partnership agreement in 2013. The flagship solution, OpenCAD, is already an essential tool for around half of Hexagon’s EAM Software-as-a-Service (SaaS) customers. The acquisition allows Hexagon to integrate CAD Service’s visualization tools and speed up its development plans. By leveraging CAD Service’s expertise in-house, the ALI division will be able to offer comprehensive EAM solutions, addressing the needs of industries like manufacturing, energy, and transportation as they visualize and manage their assets in 3D environment.
“Acquiring CAD Service marks an important stepping stone for Hexagon’s Asset Lifecycle Intelligence division,” said Hexagon interim president and CEO Norbert Hanke. “Its expertise and advanced visualization tools will allow us to further enhance our EAM offerings, directly providing customers with more integrated and efficient tools for managing their assets. Becoming part of Hexagon is a natural progression for CAD Service since its tools have been an integral part of Hexagon’s EAM solutions for years.”
CAD Service, headquartered in Parma, will be fully consolidated and operate within Hexagon’s Asset Lifecycle Intelligence division.
Source: Hexagon
