Itus Digital provides SaaS-based innovative solutions that help optimise the performance of industrial assets. Its APM platform manages the entire asset strategy and digital twin lifecycle to identify and prioritise asset risk exposure, safeguard assets against known failure modes, monitor asset condition and performance and take timely measures when risks increase or threats emerge. The platform is designed for effortless implementation and swift, ongoing optimisation of asset strategies.
"We are excited to welcome Itus Digital to Hexagon," said
Itus Digital will be fully consolidated as of today, operating within Hexagon's Asset Lifecycle Intelligence division. Itus Digital is expected to generate revenues of around 1 MEUR in 2024, growing quickly, with a profitability level initially below that of Hexagon.
For further information, please contact:
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26, ir@hexagon.com
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https://news.cision.com/hexagon/r/hexagon-acquires-itus-digital-to-expand-asset-performance-management-capabilities,c3956067
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https://mb.cision.com/Main/387/3956067/2710234.pdf | Hexagon acquires Itus Digital to expand Asset Performance Management capabilities |