The acquisition lets Hexagon integrate CAD Service's visualization and accelerate development.
STOCKHOLM, Sweden, Jan 21, 2025 – Hexagon’s Asset Lifecycle Intelligence (ALI) division today announced the acquisition of CAD Service. CAD Service is a developer of advanced visualization tools used to integrate CAD drawings, BIM models, and reality capture data into HxGN EAM, Hexagon’s asset management solution designed to extend asset lifecycles and improve productivity.
CAD Service has maintained a longstanding relationship with Hexagon, having signed a partnership agreement in 2013. OpenCAD, is already an essential tool for around half of Hexagon’s EAM Software-as-a-Service (SaaS) customers. The acquisition enables Hexagon to fully integrate CAD Service’s visualization capabilities into the broader solution set and accelerate the development roadmap.
By leveraging CAD Service’s expertise in-house, the ALI division will be able to offer more strong and comprehensive EAM solutions, addressing the evolving needs of complex industries, including manufacturing, energy, and transportation, as they move to visualize and manage their assets in an increasingly 3D environment.
“Acquiring CAD Service marks an important stepping stone for Hexagon’s Asset Lifecycle Intelligence division,” said Hexagon interim president and CEO Norbert Hanke. “Its expertise and advanced visualization tools will allow us to further enhance our EAM offerings, directly providing customers with more integrated and efficient tools for managing their assets. Becoming part of Hexagon is a natural progression for CAD Service since its tools have been an integral part of Hexagon’s EAM solutions for years.”
CAD Service, headquartered in Parma, Italy, has a team of nine employees. It will be fully consolidated from today and will operate within Hexagon’s Asset Lifecycle Intelligence division.
For further information, visit hexagon.com.