Punching Out: New Year’s Goals for Selling a Business
Fein-Lines: CES 2025—The Consumer Technology Association's Super Event
It’s Only Common Sense: Making 2025 the Best Sales Year Ever
PAS Global to be Acquired by Hexagon AB
November 5, 2020 | PR NewswireEstimated reading time: 1 minute
PAS Global, LLC (PAS), the OT Integrity company, announced it has agreed to be acquired by Hexagon AB (Hexagon), a global leader in sensor, software, and autonomous solutions.
With the combination of PAS and Hexagon, customers will benefit from a comprehensive software portfolio to manage the industrial lifecycle from plant design and maintenance, to real-time situation awareness in the control room, cybersecurity risk management, and industrial digital transformation. PAS also complements and significantly extends Hexagon's global customer footprint in the process industries.
"Since 1993, PAS has delivered solutions that help industrial organizations improve process safety and profitability," said PAS Founder and CEO Eddie Habibi. "As cyber risk in the industrial sector has grown, we have remained true to our mission by expanding our capabilities to further protect operational technology (OT) and have been recognized as a leading cyber asset management company. Now, PAS and Hexagon together will be a powerhouse solution provider for managing the entire industrial lifecycle."
"Hexagon is committed to a mission of empowering the autonomous future by putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications," said Hexagon PPM President Mattias Stenberg. "The strategic acquisition of PAS will expand our owner operator market presence and broaden our capabilities by extending Hexagon solutions to operational risk management and operational technology cybersecurity."
"We have long admired Hexagon's technology portfolio and team," Habibi added. "There is strong technology and cultural fit across our two organizations, and we are excited to join forces with Hexagon to deliver more value to customers and empower the autonomous future."
The acquisition represents a new cybersecurity-focused business segment within Hexagon's PPM division, which will also provide opportunities with other Hexagon divisions. The process safety solutions brought to Hexagon from PAS will be integrated into the PPM owner operator line of business.
Share on:
Suggested Items
Hexagon to Acquire Septentrio; Revolutionizing Positioning in Mission-critical Navigation and Autonomy Applications
01/09/2025 | HexagonHexagon announced an agreement to acquire Septentrio NV, a market leader and OEM provider of Global Navigation Satellite System (GNSS) technologies, to drive innovation and expand the market reach of Resilient Assured Positioning solutions.
Kyocera Participates in TactoTek Funding with €5 Million Investment and Strategic Partnership
01/09/2025 | TactoTekTactoTek, the global leader in In-Mold Structural Electronics (IMSE) technology, announced that Kyocera, a global innovation leader in fine ceramic components, electronics, and technology solutions, has joined TactoTek’s current funding round with an investment of €5 million.
Siemens Launches New Program to Empower Startups with Cutting-edge Technology
01/07/2025 | SiemensSiemens launched Siemens for Startups, a new program to empower early-stage engineering and manufacturing startups.
SIA Welcomes Announcement of New CHIPS for America R&D Facility in Arizona for Semiconductor Prototyping and Advanced Packaging
01/07/2025 | SIAThe Semiconductor Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer commending the announcement of a new CHIPS for America research and development (R&D) facility in Arizona for semiconductor prototyping and advanced packaging.
Fein-Lines: CES 2025—The Consumer Technology Association's Super Event
01/07/2025 | Dan Feinberg -- Column: Fein-LinesThe Consumer Electronics Show, better known simply as CES 2025, starts today, Jan. 7, and continues to Jan. 10 in Las Vegas with an expected attendance of 150,000 tech enthusiasts and innovators. This highly anticipated annual show is a preview of the amazing technology advancements and devices we can expect to see over the next few years.