Hexagon has announced its acquisition of Septentrio NV to enhance its GNSS technology offerings and expand market reach in the autonomous systems sector.

Information on the Target

Hexagon has announced its intent to acquire Septentrio NV, a prominent Original Equipment Manufacturer (OEM) renowned for its advanced Global Navigation Satellite System (GNSS) technologies. This acquisition aims to enhance innovation and broaden the market presence of Resilient Assured Positioning solutions. Septentrio is recognized for its trailblazing GNSS platform, which, when integrated with Hexagon's extensive positioning portfolio—encompassing sensor fusion, anti-jamming capabilities, correction services, and perception technologies—will enable the development of cutting-edge solutions applicable across diverse markets.

With a robust reputation for innovation and a strong focus on customer satisfaction, Septentrio will maintain its operational framework, continuing to provide state-of-the-art GNSS technology and products to its extensive base of industry-leading OEM customers. The expected revenue for Septentrio in 2024 is projected to exceed 50 million euros, supported by consistent growth rates and margins aligned with the Hexagon Group.

Industry Overview in Belgium

Belgium's positioning and navigation technology sector plays a vital role in the European economy, bolstered by advancements in satellite and geolocation technologies. With the rise of digital transformation, the demand for precision positioning and navigation sys