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Hexagon Strengthens its Construction Solutions Portfolio for AEC (Architecture, Engineering, Construction) Market with Bricsys Acquisition
PR Newswire
NACKA STRAND, Sweden, Oct. 23, 2018
NACKA STRAND, Sweden, Oct. 23, 2018 /PRNewswire/ -- Hexagon AB, a global leader in digital solutions, today announced the acquisition of Bricsys, a fast-growing developer of CAD (computer-aided design) software that has been at the forefront of providing open, collaborative construction technology solutions since its founding in 2002.
Its CAD platform, BricsCAD, supports 2D/3D general, mechanical, and sheet metal design and building information modelling (BIM) in one system. It's 100% based on the de facto standard design format (.dwg), providing designers, engineers, and BIM professionals powerful access to the huge potential of vertical CAD applications created by thousands of third-party developers. Bricsys also offers its own set of time-saving, artificial intelligence-driven add-ons – from conceptual modelling to seamless BIM workflows and cloud connectivity.
"Hexagon has long been a leader in structural & process piping design. The Bricsys acquisition extends our domain expertise into building design, adding walls, floors, doors, and other construction related features," says Hexagon President and CEO Ola Rollén. "More importantly, we can now provide the AEC market with an end-to-end platform – with conceptual design, CAD design, BIM software and collaboration tools, project and cost controls, in-field construction execution tools (work packages), and progress documentation (reality capture) – to connect, automate, and ultimately 'autonomise' the entire building and construction ecosystem through our HxGN SMART Build solution."
Headquartered in Ghent, Belgium, Bricsys will be fully consolidated as of today, operating within Hexagon's PPM division. The company's turnover for 2017 amounted to approximately 13 MEUR.
For further information, please contact:
Maria Luthström
Head of Investor Relations
Hexagon AB
+46-8-601-26-27
ir@hexagon.com
Kristin Christensen
Chief Marketing Officer
Hexagon AB
+1-404-554-0972
media@hexagon.com
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SOURCE Hexagon
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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