International positioning technology firm, Hexagon, has announced an agreement to acquire Belgium-based Septentrio, a manufacturer of GNSS technologies.
In a statement, Hexagon says that combining Septentrio’s GNSS platform with Hexagon’s positioning portfolio, which include sensor fusion, anti-jamming, correction services and perception technologies, “will enable cutting-edge solutions for diverse markets and applications”.
A primary goal is to increase accessibility to high-accuracy and high-performance positioning technology with low SWaP (size, weight and power) characteristics.
“The combination of Hexagon and Septentrio will transform the positioning industry across existing and new markets, setting new standards for the accuracy, resilience and scalability of positioning technologies, necessary to support and accelerate the journey towards full autonomy,” said Norbert Hanke, interim President and CEO of Hexagon.
Septentrio, which is headquartered in Leuven, Belgium, and has around 150 employees, currently has annual revenue of more than €50 million.
In related news, Septentrio has announced that GEODNET GNSS correction services are being added to its Agnostic Corrections Partner Program.
GEODNET is a blockchain-based decentralised physical infrastructure network (DePIN), which ensures secure data sharing and transactions. The GEODNET protocol autonomously monitors and controls its 10,000-plus base station network to ensure service reliability and quality.
“This collaboration brings innovative decentralised GNSS correction options, offering users centimetre-level accuracy solutions that support new use cases requiring precise positioning, even in areas where RTK correction services are not typically available due to infrastructure limitations,” said Gustavo Lopez, Septentrio’s Market Portfolio Manager.
