Hexagon Strengthens its Industrial Facility Operations Portfolio With the Acquisition of j5 International
NACKA STRAND, Sweden, Jan. 17, 2019 /PRNewswire/ -- Hexagon AB, a global leader in digital solutions, today announced the acquisition of j5 International, a market-leading developer of operations management software for ensuring safe, efficient, and compliant operations of industrial sites.
j5 International's solutions are used to improve communication and data collection for customers in oil, gas, power and other industrial markets prone to accidents, injury, and lost productivity without the efficient coordination of operations. Its comprehensive suite of web-based applications replaces the troublesome mix of paper, spreadsheets, databases and other scattered manual data collection methods with a structured, configurable and enterprise-wide digital operations management system - for logbook recording, work instructions, inspection rounds, shift handover, incident management, safety procedures and more.
"The operations applications from j5 International significantly enhance the value of our HxGN SDx® portfolio which is used to create and manage the ever-evolving digital twin, where both engineering data and documentation are created, maintained, and viewed throughout the facility lifecycle," says Hexagon President and CEO Ola Rollén. "By combining our software portfolios, customers now have the ability to incorporate real-time situational awareness of facility operations into their digital twin, a business imperative for continuously improving the operations and maintenance of complex facilities."
j5 International will operate within Hexagon's PPM division. The acquisition will be consolidated as of today and has no significant impact on Hexagon's earnings.
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
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SOURCE Hexagon
