M&A Measurement equipment supplier Hexagon buys UK-based Vero Software
The deal is expected to complement the buyer’s latest technology developments.
Hexagon a provider of design, measurement and visualisation technologies, has announced its acquisition of Vero Software, a supplier of Computer-Aided Manufacturing (CAM) software. The company did not supply details of the transaction.
Vero’s products aid in the design and manufacturing process with solutions for programming and controlling machine tools.
Brands in the Vero portfolio include Alphacam, Cabinet Vision, Edgecam, Radan, Surfcam, Visi, and Work NC. The company is said to have large market coverage with offices in the UK, Germany, Italy, France, Japan, US, Brazil, Netherlands, China, Korea, Spain and India. Vero said it will continue to run as an autonomous business unit within the Hexagon Metrology business unit.
Hexagon said the acquisition strengthens its software offerings, “providing the means to close the gap of making quality data fully actionable by extending the reach of the newly developed MMS (metrology planning software) to include CAM software”.
Hexagon President and CEO Ola Rollén said: “Together with its unique suite of manufacturing software solutions, Vero Software has the expertise, knowledge and resources to deliver even higher levels of productivity to our customers.”
Hexagon explained that Vero will be fully consolidated as of August 2014 – with closing being subject to regulatory approval – and will positively contribute to Hexagon's earnings.
Vero’s turnover for 2013 amounted to approximately €80 million, Hexagon added.