The acquisition will allow Hexagon to integrate CAD Service's visualization and accelerate development.
STOCKHOLM, Sweden, January 21, 2025 – Hexagon's Asset Lifecycle Intelligence (ALI) division today announced the acquisition of CAD Service. CAD Service is a developer of advanced visualization tools to integrate CAD drawings, BIM models and reality capture data into HxGN EAM, Hexagon's asset management solution designed to extend asset lifecycles and improve productivity.
CAD Service has had a long-standing relationship with Hexagon since signing a partnership agreement in 2013. OpenCAD is already an essential tool for around half of Hexagon's EAM Software-as-a-Service (SaaS) customers. The acquisition enables Hexagon to fully integrate CAD Service's visualization capabilities into its broader suite of solutions and accelerate its development roadmap.
By leveraging CAD Service's in-house expertise, the ALI division will be able to provide stronger and more comprehensive EAM solutions to meet the evolving needs of complex industries, including manufacturing, energy and transportation, that visualize their assets and manage an increasingly 3D environment.
“The acquisition of CAD Service is an important step for Hexagon’s Asset Lifecycle Intelligence business,” said Norbert Hanke, interim president and CEO of Hexagon. “His expertise and advanced visualization tools will enable us to further enhance our EAM offerings and directly provide customers with more integrated and efficient tools for managing their assets. It is a natural progression for CAD Service to become part of Hexagon, as its tools have been an integral part of Hexagon’s EAM solutions for years.”
CAD Service, headquartered in Parma, Italy, employs a team of nine people. Starting today, the company will be fully consolidated and will operate within Hexagon's Asset Lifecycle Intelligence division.
For more information, visit hexagon.com.