Hexagon Acquires FTI

Sheet metal is used extensively in the production of car bodies, aircraft, electronics enclosures and many other applications. Rapid, cost-efficient design and manufacturing of sheet metal components is a key to addressing the rising challenges of manufacturing efficiencies.

Hexagon AB (Stockholm, Sweden), a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, has acquired Forming Technology Inc. (FTI; Burlington, ON), a provider of innovative manufacturing software solutions designed to reduce the development time and material costs of sheet metal components.

Founded in 1989, FTI serves original equipment manufacturers (OEMs) and suppliers in the automotive, aerospace, electronics, and appliance industries with sheet metal design, simulation, feasibility, and costing solutions. Its leading-edge technology portfolio, sold through an international network of reseller partners, coupled with its engineering services and years of expertise in the sheet metal industry, enables customers to validate designs before they go into production and immediately reduce labor and material costs.

“Closing the manufacturing feedback loop to enhance quality and productivity is an integral part of our solutions strategy,” stated Ola Rollén, the president and chief executive officer of Hexagon. “Combining their CAE (computer-aided engineering) technologies and knowledge of automotive sheet metal applications with our CAM (computer-aided manufacturing) and metrology solutions will enable us to deliver substantial productivity gains to our automotive customers.”

The acquisition has no significant impact on Hexagon’s earnings.

www.hexagon.com,   www.forming.com