Hexagon Enhances its Smart Factory Solutions With the Acquisition of Romax Technology
HEXAGON AB UNSP/ADR (HXGBY)
NASDAQ:AMEX Investor Relations:
investors.hexagon.com/en/financial-information/reports-and-presentations
Company Research
Source: PR Newswire
NACKA STRAND, Sweden, Feb. 28, 2020 /PRNewswire/ -- Hexagon AB, a global leader in sensor, software and autonomous solutions, today announced the signing of an agreement to acquire Romax Technology Limited, a leading provider of Computer Aided Engineering (CAE) software for electromechanical drivetrain design and simulation. A greater focus on energy efficiency and an accelerating shift towards electrification brings new engineering challenges that require increased use of simulation tools earlier in the design lifecycle. Romax Technology brings more than 30 years of experience in electromechanical simulation and multi-physics design optimisation. The cloud-enabled MBSE (model-based systems engineering) platform, Romax Nexus, provides a complete workflow for designing, simulating and delivering the next generation of energy efficient drive and power generation systems, enabling engineers to collaborate and optimise electrical and mechanical design simultaneously. By simulating the ope
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