Digital Solutions Supplier Hexagon AB Announces Formal Acquisition of Autonomous Automotive Supplier AutonomouStuff

【Digital Solution Supplier Hexagon AB Announces Formal Acquisition of Autonomous Vehicle Supplier AutonomouStuff】On June 3, according to foreign media reports, Hexagon AB, the world's leading digital solutions provider, has just announced the formal acquisition of AutonomouStuff, a provider of self-driving automotive solutions.

AutonomouStuff is a US-based startup founded in 2010 that focuses on the development of self-driving cars, robotics, and data innovation platforms. At present, AutonomouStuff has deployed a number of pilot projects worldwide, with customers from more than 2,500 automotive and technology industries in the United States, Europe and Asia.

"The acquisition of AutonomouStuff can significantly enhance Hexagonc AB's innovative capabilities and allow our customers to move closer to the Internet of Things," said Ola Rollnn, President and CEO of Hexagon AB. "We are particularly interested in disruptive technologies, including technologies that can harness the potential of the Internet of Things, and can integrate artificial intelligence, Edge-Cloud Orchestration, mobile technology, and visualization data into an automatically connected ecosystem. When we Combining intelligent positioning, mapping and sensing technologies, this acquisition will lead the industry in the coming years."

It is reported that the transaction needs to be approved by the regulatory authorities, including the submission of applications to the United States Overseas Investment Committee (CFIUS) and approved within the next 90 days. The current purchase price of AutonomouStuff has not been disclosed, but the strength of Hexagon AB can only be regarded as a small-scale acquisition.