Hexagon’s Asset Lifecycle Intelligence division announces new name to better reflect expanded solutions portfolio
Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies, announced the PPM division’s name has changed to Hexagon’s Asset Lifecycle Intelligence division to more accurately represent Hexagon’s evolving offerings in the market via recent acquisitions.
Mattias Stenberg, President, Hexagon’s Asset Lifecycle Intelligence division, said, “This evolution is driven by our customers’ needs to have real-time intelligence about their assets. This divisional name is reflective of our focus and expertise in supporting the entire asset lifecycle throughout the customer’s digital journey. We’ve been expanding our portfolio and capabilities and innovating the next wave of technologies to empower an autonomous future. At the same time, we have been working on clarifying our vision and refining our positioning and messaging in the market. Hexagon’s Asset Lifecycle Intelligence division summarizes the future of our division as we deliver upon our vision of the Smart Digital Reality™ for Autonomous Industrial Facilities.”
Hexagon said its Asset Lifecycle Intelligence division strives to achieve ambitious growth plans through both judiciously targeted acquisitions and steady research and development investments.
The company said the new division name is a natural reflection of the expanded portfolio following recent acquisitions, most notably the addition of HxGN EAM (formerly Infor EAM), now part of Hexagon’s solution suite that helps digitize and optimize maintenance operations to reach optimum operational efficiency throughout the asset lifecycle. Other key additions to Hexagon’s comprehensive and increasingly diverse portfolio during the past 18 mos include PAS Global (industrial control system cybersecurity), Jovix (material tracking software for construction) and Innovatia Accelerator Inc. (SaaS-based digitalization solutions that transform operations and modernize fieldwork in the manufacturing and process industries).
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