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Hexagon Acquires NovAtel

NovAtel Inc. announced on January 10 that it had been acquired by Hexagon AB. NovAtel will remain a Canadian company and continue to execute its strategy as a provider of GPS and GNSS+ (Global Navigation Satellite System) technology. NovAtel will operate as an independent subsidiary of Hexagon and will conduct its business relations with other Hexagon subsidiaries on an arm’s length basis.

“A large part of our success over the past five years has been the result of executing our strategy as a focused OEM supplier of GSS+ technologies that does not compete with its customers. We are committed to following this strategy in our new role as a Hexagon subsidiary. As an industry leader in GNSS technology, we will continue to provide highly integrated, precise positioning products for our customers, and continue to develop new and complementary technology to expand into new segments and markets,” said Jon Ladd, president and CEO of NovAtel. “We are enthusiastic to be a part of the Hexagon group of companies, and with their support, to move forward aggressively with our vision and business plan for NovAtel’s growth,” he said.

NovAtel is a technology leader and has achieved impressive results through expanding its product portfolio and growing its global customer base,” said Ola Rollen, CEO and president of Hexagon. “We expect NovAtel to be a cornerstone in our OEM technology strategy and act as a growth platform in the area of GPS, GNSS and other complementary technologies. NovAtel will continue their strong support of their current customer base and will also provide support to hexagon’s expanding set of companies in what we define as the Macro Measurement Space,” he said.

Hexagon AB, headquartered in Nacka Strand, Sweden, is a global technology group with strong market positions in measurement technologies and polymers. The group has about 9400 employees in 30 countries, and net sales of about 14,000 m Swedish krona.

NovAtel, headquartered in Calgary, Alberta, Canada, is a global provider of precision GNSS components and subsystems. The company is focused on developing quality OEM products, including receivers, antennas, enclosures and firmware that are integrated into high precision positioning applications. These applications include surveying, Geographic Information Systems (GIS) mapping, precision agriculture machine guidance, port automation, mining, marine and defense industries.
NovAtel’s reference receivers are at the core of national aviation ground networks in the United States, Japan, Europe, China and India.

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