hexagon acquired bricsys

Hexagon Acquires Bricsys

Press Release

Stockholm, Sweden, 23 October 2018

Hexagon strengthens its construction solutions portfolio for AEC (Architecture, Engineering, Construction) market with Bricsys acquisition

Hexagon AB, a global leader in digital solutions, today announced the acquisition of Bricsys, a fast-growing developer of CAD (computer-aided design) software that has been at the forefront of providing open, collaborative construction technology solutions since its founding in 2002.

Its CAD platform, BricsCAD, supports 2D/3D general, mechanical, and sheet metal design and building information modelling (BIM) in one system. It’s 100% based on the de facto standard design format (.dwg), providing designers, engineers, and BIM professionals powerful access to the huge potential of vertical CAD applications created by thousands of third-party developers. Bricsys also offers its own set of time-saving, artificial intelligence-driven add-ons – from conceptual modelling to seamless BIM workflows and cloud connectivity.

“Hexagon has long been a leader in structural & process piping design. The Bricsys acquisition extends our domain expertise into building design, adding walls, floors, doors, and other construction related features,” says Hexagon President and CEO Ola Rollén. “More importantly, we can now provide the AEC market with an end-to-end platform – with conceptual design, CAD design, BIM software and collaboration tools, project and cost controls, in-field construction execution tools (work packages), and progress documentation (reality capture) – to connect, automate, and ultimately ‘autonomise’ the entire building and construction ecosystem through our HxGN SMART Build solution.”

Headquartered in Ghent, Belgium, Bricsys will be fully consolidated as of today, operating within Hexagon’s PPM division. The company’s turnover for 2017 amounted to approximately 13 MEUR.

For further information, please contact:

Maria Luthström, Head of Investor Relations, Hexagon AB, +46 8 601 26 27, ir@hexagon.com

Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554 0972, media@hexagon.com

 

Hexagon is a global leader in digital solutions that create Autonomous Connected Ecosystems (ACE), a state where data is connected seamlessly through the convergence of the physical world with the digital, and intelligence is built-in to all processes.

Hexagon’s industry-specific solutions leverage domain expertise in sensor technologies, software, and data orchestration to create Smart Digital Realities™ that improve productivity and quality across manufacturing, infrastructure, safety and mobility applications.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 19,000 employees in 50 countries and net sales of approximately 3.5bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

Don Strimbu

Don is our VP of Communications at Bricsys. He has spent 2/3rds of his life in the CAD industry. Don is a big fan of usable technology, high fidelity music systems and (really) well-designed machines.

2 comments

  • this news is disheartening. Part of the draw for Bricscad is that it was outside of big business, and they could be lean, mean and agile. Those qualities will eventually dissolve, no matter what the big company promises; the bean counters will make your decisions.

    • Hi Jon, sorry that you’re disappointed. We’re certainly not! Hexagon brings huge backing to our small enterprise. The SVP of Hexagon PPM, Rick Allen, said that he “…doesn’t want to fix what’s not broken.” The Hexagon team is (like Bricsys) run by a bunch of smart engineers. There won’t be change for change’s sake. Bricsys will stay in Gent and we’ll keep making our own decisions, thanks. Keep watching and please let us know if you see that that’s not the case. Cheers! -Don

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