Hexagon has entered into an agreement to acquire all outstanding shares of Israel-based CogniTens, a 3D non-contact measurement technologies company.
CogniTens provides manufacturers with full surface and features measurements using advanced 3D optical technology. The company's dimensional measurement solutions are designed for use in the demanding engineering and shopfloor environments of automotive and other manufacturing industries.
CogniTens' sales in 2007 are estimated to be approximately $8 million, and are expected to grow in double digits in the following years.
CogniTens, headquartered in Israel, employs about 50 people and today it has distribution and sales channels mainly in the USA and Japan.
"The acquisition of CogniTens gives Hexagon an exciting new technology in the high speed, non-contact, shopfloor measurement and scanning segment of the metrology market. This addition in technology and market proven products will enable Hexagon to position itself in all segments of the rapidly growing non contact sheet metal market combining CogniTens 3D measurement products with the laser tracker technologies from Leica Geosystems and the articulated arms technologies from Romer", said Ola Rollén, CEO and president of Hexagon AB.
"We are excited to join the world's premier metrology group and believe our customers will benefit from combining CogniTens innovative technology and products with Hexagon's ability to deliver broad solution offerings on a global scale", said Ofer Sandelson, president and CEO of CogniTens.
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