HEXAGON AB, a Swedish sensor, software and autonomous solutions company, has agreed to acquire engineering software provider Romax Technology Ltd., to strengthen smart factory solutions, the company said.
Romax Nexus, focussed on electromechanical drivetrain design and simulation, provides a complete workflow for designing, simulating and delivering the next generation of energy efficient drive and power generation systems, enabling engineers to collaborate and optimise electrical and mechanical design simultaneously.
The acquisition of Romax Technology enables Hexagon to meet the growing need for electrification, providing customers with integrated tools that empower engineering teams to develop the next generation of energy-efficient electric vehicles
Romax Technology has approximately 240 employees globally serving more than 250 customers in the automotive, aerospace, wind power, marine, bearing and rail industries. The company will operate as part of Hexagon´s Manufacturing Intelligence division.