Hexagon AB acquires Licom Systems GmbH

Published
May 24, 2018 - 04:45pm

Hexagon ABHexagon AB, Stockholm, a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, acquired sole ownership of Licom Systems GmbH, a German distributor of Alphacam CAM software for woodworking, metal and stone cutting. The company will operate within the Hexagon Manufacturing Intelligence division as part of Vero Software, makers of Alphacam and several other production software solutions.

Based in Aachen, Germany, Licom Systems GmbH was founded as a joint venture in 1996 with the aim of developing and marketing manufacturing support software. In 2011, the company holding shared ownership of the business became part of Vero Software, which was subsequently acquired by Hexagon in 2014. Licom Systems employs 11 people, who will continue to support the Alphacam product within a new business unit of Vero Software serving Germany and other German speaking regions of Europe. Licom Systems CEO Stephan Schneider will manage the new unit, maintaining the longstanding and successful working relationships with the wider Vero Software and Hexagon businesses.

“The acquisition of Licom Systems guarantees a bright future for the Alphacam business in this important market,” said Steve Sivitter, CEO of Vero Software. “The team in Aachen brings a wealth of software expertise and knowledge of the woodworking, metalworking and stone-cutting industries, and they have worked as part of the extended Vero Software team for a number of years. Bringing Licom Systems GmbH on board will ensure security and provide the basis of our long-term investment and business development strategy.”

Licom Systems GmbH was fully consolidated as of December 21, 2017. The acquisition has no significant impact on the results of Hexagon.

Related Glossary Terms

  • computer-aided manufacturing ( CAM)

    computer-aided manufacturing ( CAM)

    Use of computers to control machining and manufacturing processes.

  • metalworking

    metalworking

    Any manufacturing process in which metal is processed or machined such that the workpiece is given a new shape. Broadly defined, the term includes processes such as design and layout, heat-treating, material handling and inspection.

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