Hexagon has acquired indurad to enhance its mining technology portfolio, focusing on improving safety and productivity through advanced radar and automation solutions.
Target Company Information
Hexagon has announced its acquisition of indurad, a leading global provider of radar and Real-Time Location Systems (RTLS) technologies. This acquisition also includes indurad’s autonomous haulage subsidiary, xtonomy. By integrating indurad’s technologies, Hexagon aims to enhance mine productivity, safety, and automation through state-of-the-art solutions.
indurad, based in Germany, specializes in modular radar systems that provide accurate object location tracking, collision avoidance, and machine automation features. These advanced capabilities are expected to significantly augment Hexagon’s integrated life-of-mine portfolio and strengthen its position as a leader in the mining sector.
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Industry Overview in Germany
The mining industry in Germany has seen substantial advancements in technology, particularly concerning safety and efficiency. The growing demand for automation and smart technologies in this sector aligns with global trends toward
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Hexagon
invested in
indurad
in 2023
in a Strategic Partnership deal
Disclosed details
Revenue: $21M