COMPANY PROFILE -Hexagon AB
Business Sector :Information Technology and Services
Operating Geography :Sweden, Europe, Global
About Hexagon AB :
Hexagon AB is a publicly-traded global information technology business based in Stockholm, Sweden, that specialises in hardware and software digital reality solutions. In 1992, Hexagon Aktiebolag was founded. The company acts as a provider of information technology that helps businesses in a variety of industries increase productivity through geospatial and industrial enterprise applications. The company's solution development and innovation combine geospatial and industrial sensors, software, three-dimensional (3D) mapping, five-dimensional visualisation and analysis, domain expertise, and client workflows to create intelligent information ecosystems that produce actionable data. Among the industries that use the company's solutions are agriculture, metals and mining, oil and gas, automotive, chemical, power, shipbuilding, construction, safety, military and aerospace, surveying, medical devices, and pharmaceutical. NESTIX Oy, MSC Software, Catavolt Inc, and DST Computer Services SA, are among the company's subsidiaries. In October 2021, Hexagon completed the acquisition of Infor's EAM division and settled an issue in kind. Hexagon AB has over 22,000 employees in 50 countries as of 2022.
Hexagon AB's USP lies in its being a global pioneer in digital reality solutions that combine sensor, software, and autonomous technologies. The mission statement of Hexagon reads, "Hexagon puts data to work to enable autonomous, connected ecosystems that boost efficiency, productivity and quality for our customers".
Hexagon AB Revenue :
€ 4347.4 million - FY ending 31st December 2021 (y-o-y growth 12%)
€ 3770.5 million - FY ending 31st December 2020 (y-o-y growth -4%)
€ 3907.7 million - FY ending 31st December 2019
Competitive Analysis of Hexagon AB
The SWOT analysis for Hexagon AB is presented below in a table followed by the detailed analysis report.
Strengths | Weaknesses |
1. Diversified customer base across major industries.
2. Global leader in digital reality solutions combining sensor, software and autonomous technologies.
3. Hexagon has a proven ability to steadily deliver enhanced margins
4. Strategy focused on value-generating customer solutions
| 1. Business mainly depends on America and EMEA regions.
2. Dependent upon third parties for supplies of components and distribution.
3. The company is highly indebted.
|
Opportunities | Threats |
1. Strategic acquisitions provide potential for the company to increase its market share.
2. Use of technology and innovative leadership to grow.
3. Investments in research and development to meet the demand of a more solution centric business.
| 1. Rapid changes in technology can adversely impact the sales of the company
2. Stricter environmental regulations can increase costs
3. Decline in the automotive and aerospace market due to the pandemic
|
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Detailed SWOT Analysis of Hexagon AB
Strength
1. Diversified customer base across major industries:In the year 2020 Industrial Enterprise Solutions accounted for 1836.6 MEUR and Geospatial Enterprise solution accounted for 1933.9 MEUR. In the geospatial enterprise solutions segment customers from different industries purchase the company’s solutions. Surveying accounted for 38% of the sales of the geospatial enterprise solutions segment, infrastructure & construction, natural resources, aerospace & defence, Public safety and others accounted for 23%, 14%, 13%, 8% and 4% respectively. For the Industrial Enterprise Solutions segment electronics & manufacturing, power & energy, automotive, aerospace & defense, others accounted for 31%, 26%, 17%, 12%, and 14% respectively of the sales of this segment. The customers of the company are from different industries reducing the specific risk, that is, the risk associated with the downfall in one industry.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
This section is available only in the 'Complete Report' on purchase.
Opportunity
1. Strategic acquisitions provide potential for the company to increase its market share:The acquisitions by the company are an important part of its long-term strategy and provide potential for the company to increase its market share. Over the past 20 years, Hexagon has completed over 150 acquisitions to fill gaps in its portfolios, augment R&D roadmaps and add domain expertise. One of Hexagon’s largest acquisitions in the year 2021 was when it acquired Infor EAM for $2.8 billion. In the year 2020, in its Geospatial Enterprise Solutions the company acquired Blast Movement Technologies, which is a developer of blast movement monitoring and analysis solutions for open pit mines. Other companies acquired in the year 2020 in this segment were Geopraevent AG, COWI, Tacticaware, OxBlue. In the industrial enterprise solutions in the year 2020 the company acquired CAfatigue, a provider of mechanical fatigue simulation solutions. Other companies acquired in the fiscal year 2020 are Romax Technology, DP Technology, Alas Ing SA, MDE, PAS Global and CodeCAD.
The remaining section under "Opportunity" is available only in the 'Complete Report' on purchase.
Threat
This section is available only in the 'Complete Report' on purchase.
The PESTLE analysis for Hexagon AB is presented below in a table followed by the detailed analysis report.
Political | Economical |
1. Uncertainties regarding Brexit will impact the operations of the company.
2. The Biden administration is in favor of the tech industry.
| 1. Fluctuations in currency exchange rates will impact the financial results of the company.
2. The disruptive impact of covid-19 on the global economy can negatively impact the company.
|
Social | Technological |
1. Cybersecurity risks are increasing in society
2. Recruitment of high skilled employees needed for the industry is difficult
| 1. To increase efficiency, use of data to deliver actionable intelligence
2. Metrology systems incorporating the latest sensor technology for fast and accurate measurements
|
Legal | Environmental |
1. Subject to various data protect laws, ePrivacy regulations like the General Data Protection regulation | 1. Increased focus towards reduction of greenhouse gas emissions, wastes
2. Enabling sustainable development through the solutions offered
|
On purchase the Hexagon AB SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
Detailed Pestle Analysis of Hexagon AB
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
This section is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
1. Increased focus towards reduction of greenhouse gas emissions, wastes:There has been an increasing trend of reduction in greenhouse gas emissions by companies working in this industry. To promote sustainability companies in the industry are trying to minimize wastes produced and disposed of. The commitment of the company is to reduce the greenhouse gas emissions in its operations and activities, reduce the waste that is generated by the company in its factories and offices and implement processes for sustainable resource management. The company to promote a circular economy is focused to reduce the stress of impure water and air quality from its own operations and supply chain. The goals of the company are to become carbon-neutral in its scope 1,2 emissions by the year 2030 and become carbon-neutral across its whole value chain by the year 2050. In the year 2020, Hexagon implemented a company car policy with the objective to reduce greenhouse gas emissions, increased share of renewables in the energy mix. In the year 2020 renewable energy from purchased electricity was 36%, carbon dioxide emissions/meter square at largest sites was 53kg.
The remaining section under "Environment" is available only in the 'Complete Report' on purchase.
Major Brands :
- Intergraph
- Msc Software
- NovAtel Inc.
- Hexagon Mining Inc.
- Hexagon Geospatial
On purchase the Hexagon AB SWOT and PESTLE Analysis PDF report will reach you within minutes. At rare times, a slight delay not exceeding 1 hour might be caused.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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Check Out Analysis of Other Relevant Companies
References used in Hexagon AB SWOT & PESTLE Analysis Report
1. Empowering an autonomous future - https://hexagon.com/about
2. Annual Report 2020 - https://vp208.alertir.com/afw/files/press/hexagon/202103311974-1.pdf
3. Hexagon Mergers and Acquisitions Summary - https://mergr.com/hexagon-ab-acquisitions#:~:text=Hexagon's%20largest%20acquisition%20to%20date,and%20technology%20hardware%20(11%25).
4. . Annual General Meeting 2022 - https://www.generali.com/governance/annual-general-meeting/AGM-2022
5. What Joe Biden Means for the Tech Industry - https://builtin.com/operations/biden-tech-policies
The detailed complete set of references are available on request in the 'Complete report' on purchase.
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Hexagon AB SWOT and PESTLE analysis has been conducted by Shreya Gupta and reviewed by senior analysts from Barakaat Consulting.
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