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SOFTWARE (NON-INTERNET/MOBILE) | Manufacturing, Warehousing & Industrial Software
hexagon.com

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Investments

2

Partners & Customers

10

About Hexagon

Hexagon specializes in sensor, software and autonomous solutions. The company is putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications. Its technologies are shaping urban and production ecosystems to become increasingly connected and autonomous — ensuring a scalable, sustainable future.

Hexagon Headquarter Location

Lilla Bantorget 15

Stockholm, 111 23,

Sweden

+46 8 601 26 20

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Latest Hexagon News

Nordic projects drive digital-supported green hydrogen technologies

May 4, 2022

Nordic companies are driving cost reductions in the production of green hydrogen through digitisation Share this item with your network: By Published: 04 May 2022 12:00 Nordic-led projects in the green hydrogen technology processing sector are using digital technologies to slash the cost of production. Stockholm-headquartered IT solutions group Hexagon has partnered with the Hydrogen Utility (H2U), one of Australia’s largest hydrogen infrastructure developers, to digitise its green hydrogen construction plants. H2U’s strategic partnership with Hexagon combines the Swedish digital reality solutions company’s expertise in integrating industrial facility digital ecosystems with the Australian group’s green hydrogen and green ammonia plant designs. The collaboration aims to deliver best-in-class digital asset management to support ongoing technological advances in the so-called global green hydrogen revolution. The move to cost-effective green hydrogen production was the catalyst to Hexagon joining forces with H2U on the digital transformation project, said Ola Rollén, Hexagon’s CEO. “Our solutions provide a common environment to manage seamless and effective collaboration across H2U’s technology partner ecosystem,” said Rollén. Digital twin technology being delivered by Hexagon comprises computer programmes that use real-world data to create simulations that can predict how a product or process will perform in industrial production conditions. Significantly, cost efficiencies can also be measured within the digital twin framework process that supports the development of rapid deployment scenarios required for green hydrogen to deliver deep decarbonisation in the industrial and energy sectors. The hydrogen plant digitisation project will task Hexagon’s PPM division (formerly Intergraph Process, Power & Marine) to enable H2U to integrate its digital twin platform. The platform is designed to manage each stage of the asset lifecycle – from engineering and design through finance, construction and operation – to improve efficiency and risk reduction. Ambitious scope The ambitious scope of the international partnership will see Hexagon’s technology implemented across H2U’s planned pipeline of high-quality industrial green hydrogen infrastructure initiatives in Australia and New Zealand. Within H2U’s framework of green hydrogen initiatives are the Eyre Peninsula Gateway project in South Australia and the H2-Hub Gladstone project in Queensland. Meanwhile, in a Nordic cross-border collaboration, Semcon has joined a Swedish-Norwegian consortium with Hystar to develop new digital-supported electrolyser technology to produce green sustainable hydrogen. The industrial consortium, led by Semcon and Hystar, is focused on using digital-supported automation to deliver large-scale production of green sustainable hydrogen based on new electrolyser technology. The primary target is to develop an integrated technology solution that can produce up to 150% more hydrogen without using more energy than in conventional processes currently employed across the industry. The next stage in the project is focused on finding viable solutions to automate the production of electrolyser stacks that convert electricity to hydrogen and oxygen. These ground-breaking mass manufacturing methods are a prerequisite to revolutionising the production of electrolysers, said Robert Eliasson, area manager production development at Semcon . “This is a challenging and important Nordic collaboration,” he said. “It ensures that both knowledge and production can be retained and developed in Sweden and in Norway.” Although hydrogen production technology using polymer electrolyte membrane (PEM) electrolysers is common and already well developed, the advanced development of automatic and flexible stack production processes is required to achieve large-scale hydrogen production. “Our collaboration with Semcon will enable us to achieve our goal to produce our electrolysers stacks more cost-effectively using automation and at high volumes,” said Alejandro Barnett, CTO at Hystar. The Semcon-supported Hystar project’s chief target is to employ smart digital solutions and engineering to reduce the cost of green hydrogen, said Bente Traa, project manager at Hystar. “Hystar’s purpose is to develop technology for a greener future. Our Autostack project is a key factor in making that a reality.” Design concept The Hystar-Semcon consortium is working to complete the design concept stage of the project during the third quarter of 2022. The next target is to test all critical elements in the concept by the third quarter of 2023. The project’s ultimate goal is to have the tested concept fully defined and ready to deploy on an industrial scale by the second quarter of 2024. The green hydrogen development project is being part-funded by the Research Council of Norway, the state agency responsible for providing grant aid to innovative schemes. The potential market demand for green renewable hydrogen, which currently accounts for about 1% of the world’s total industrial and mobility hydrogen consumption,  is expected to experience steady, if not rapid, growth over the coming years. Nel, the Norway-based dedicated hydrogen supply group, commissioned its first digital-supported automated electrolyser production facility at Herøya, southwest of Oslo, on 20 April 2022. The falling cost of green hydrogen will unlock new application areas where green hydrogen is the best or only option for decarbonising, said Jon André Løkke, CEO at Nel. “The secret is scale-up and automate,” he added. “This will lower the unit cost of electrode production like never before. We are on track to make green renewable hydrogen as cheap, or cheaper, to produce than natural gas-based hydrogen by 2025.” Nel aims to deliver green sustainable hydrogen at $1.50/kg, a goal that would require a 75% drop in capital expenditures from today’s level, said Løkke. “Half of the savings we need to make will come from scale-up and increased efficiency in production,” he said. “The rest will come from economy of scale, and from effective industrial partnerships.” Read more on IT for utilities and energy Next generation of collaboration and communication services CTO interview: Milena Nikolic, CTO, Trainline

Hexagon Investments

2 Investments

Hexagon has made 2 investments. Their latest investment was in Unitree as part of their Series B on April 4, 2022.

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Hexagon Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/20/2022

Series B

Unitree

Yes

6

9/11/2012

Corporate Minority

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0

Date

4/20/2022

9/11/2012

Round

Series B

Corporate Minority

Company

Unitree

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Amount

New?

Yes

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Co-Investors

Sources

6

0

Hexagon Acquisitions

57 Acquisitions

Hexagon acquired 57 companies. Their latest acquisition was Innovatia Accelerator on April 04, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/4/2022

$99M

Acquired

2

2/25/2022

$99M

Acquired

1

1/10/2022

$99M

Acquired

5

10/1/2021

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$99M

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10

7/16/2021

Seed / Angel

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$99M

$99M

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10

Date

4/4/2022

2/25/2022

1/10/2022

10/1/2021

7/16/2021

Investment Stage

Seed / Angel

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

Acquired

Acquired

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Sources

2

1

5

10

10

Hexagon Partners & Customers

10 Partners and customers

Hexagon has 10 strategic partners and customers. Hexagon recently partnered with H2U Group on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/4/2022

Partner

Australia

Nordic projects drive digital-supported green hydrogen technologies

The ambitious scope of the international partnership will see Hexagon 's technology implemented across Hydrogen Utility 's planned pipeline of high-quality industrial green hydrogen infrastructure initiatives in Australia and New Zealand .

1

3/12/2022

Partner

United States

Hexagon and VIDIZMO Partner to Improve Public Safety by Streamlining Digital Evidence Management

TYSONS , Va. , March 3 , 2022 / PRNewswire / -- VIDIZMO and Hexagon division today announced a strategic partnership to provide public safety agencies around the world with improved digital evidence and video content management .

4

2/21/2022

Partner

Australia

Hexagon announces strategic partnership with H2U to digitalise green hydrogen plant construction

The partnership brings together Hexagon AB 's deep expertise in integrating industrial facility digital ecosystems with Hydrogen Utility Pty Ltd 's green hydrogen and green ammonia proprietary plant designs .

3

12/6/2021

Partner

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10

12/1/2021

Vendor

United States

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10

Date

5/4/2022

3/12/2022

2/21/2022

12/6/2021

12/1/2021

Type

Partner

Partner

Partner

Partner

Vendor

Business Partner

Country

Australia

United States

Australia

United States

News Snippet

Nordic projects drive digital-supported green hydrogen technologies

The ambitious scope of the international partnership will see Hexagon 's technology implemented across Hydrogen Utility 's planned pipeline of high-quality industrial green hydrogen infrastructure initiatives in Australia and New Zealand .

Hexagon and VIDIZMO Partner to Improve Public Safety by Streamlining Digital Evidence Management

TYSONS , Va. , March 3 , 2022 / PRNewswire / -- VIDIZMO and Hexagon division today announced a strategic partnership to provide public safety agencies around the world with improved digital evidence and video content management .

Hexagon announces strategic partnership with H2U to digitalise green hydrogen plant construction

The partnership brings together Hexagon AB 's deep expertise in integrating industrial facility digital ecosystems with Hydrogen Utility Pty Ltd 's green hydrogen and green ammonia proprietary plant designs .

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Sources

1

4

3

10

10

Hexagon Team

12 Team Members

Hexagon has 12 team members, including current Chief Technology Officer, Burkhard Boeckem.

Name

Work History

Title

Status

Burkhard Boeckem

Chief Technology Officer

Current

Rodger Soo

Senior Vice President

Current

Guilherme Bastos Alvarenga

Chief Executive Officer, President

Former

Gui Alvarenga

President

Former

Thomas Harring

President, Chief Financial Officer, Chief Operating Officer

Former

Name

Burkhard Boeckem

Rodger Soo

Guilherme Bastos Alvarenga

Gui Alvarenga

Thomas Harring

Work History

Title

Chief Technology Officer

Senior Vice President

Chief Executive Officer, President

President

President, Chief Financial Officer, Chief Operating Officer

Status

Current

Current

Former

Former

Former

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