Hexagon Acquires Portable Metrology Software Provider New River Kinematics
STOCKHOLM, SWEDEN– Hexagon AB, global provider of portable metrology software, has acquired New River Kinematics (NRK), a U.S. based engineering company that specializes in 3-D analysis software for portable metrology applications.
Founded in 1994, NRK develops portable metrology software solutions.
“A strong resource in the field of measurement automation, NRK provides excellent growth prospects for Hexagon as more and more manufacturers look to increase efficiencies,” says Hexagon President and CEO Ola Rollén. “Additional opportunities include leveraging Hexagon’s distribution network and existing customer base to increase SA’s penetration in international markets and growing segments like aerospace, and to team up with Intergraph to strengthen applications in shipbuilding, component fabrication and other large-scale markets.”
NRK, based in Williamsburg, VA, will be fully consolidated as of 1 January 2013 and will immediately contribute to Hexagon's earnings.