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Hexagon Closes Acquisition of Thermopylae to Advance 5D Visualisation Portfolio
Monday 15 April 2019

15 April 2019 - Sweden-based digital solutions provider Hexagon AB has closed the acquisition of Virginia, US-based software provider Thermopylae Sciences and Technology, primarily focussed on the US government and defence market that specialises in geospatial applications, mobile frameworks, and cloud computing for enhanced location intelligence, the company said.

This deal was announced in February.

Hexagon said Thermopylae's software and domain expertise augments its ability to deliver the visual location intelligence necessary for enabling autonomous connected ecosystems.

The addition of Thermopylae will enrich the 5D experience delivered through Hexagon Smart M.App and Luciad portfolios both of which enable smart digital realities with 3D, 4D (real-time sensor feed integration) and 5D (dynamic analytics) capabilities.

The acquisition provides an avenue for international market adoption of Thermopylae's technologies but also an additional avenue for Hexagon to accelerate adoption of 5D visualisation capabilities in US government agencies.

Thermopylae will operate as a part of Hexagon's Geospatial division, which is reported under the Geospatial Enterprise Solutions segment.

Thermopylae has developed advanced visualisation solutions to support tactical edge mapping in support of mission critical operations.

Built upon the Google technology stack, its defence and intelligence solutions are targeted at addressing the challenges involved in working with critical problem sets in secure or classified government environments.
Details
Date Published: 15/04/2019
Target: Thermopylae Sciences and Technology
Country: USA
Sector: Computer Software
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Hexagon AB
Comment:
Terms of the deal were not disclosed

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