Hexagon acquires CAMTECH, a German distributor of Vero Software
Hexagon AB, a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, has acquired CAMTECH GmbH & Co KG, master distributor of Vero Software’s Edgecam solutions in Germany since 2003.
Vero Software was acquired by Hexagon in 2014, providing Hexagon Metrology the means to make quality data fully actionable and integrate information and processes across the manufacturing life cycle. The addition of CAMTECH to the Hexagon portfolio further supports this commitment to developing future-oriented manufacturing solutions.
Headquartered in Remscheid, Germany, CAMTECH is a modern and innovative distributor of technical software solutions and services in the CAD/CAM environment, primarily serving clients in the production engineering field in the key industrial manufacturing markets of Germany and central Europe. The acquisition will combine CAMTECH’s strong customer relations, service capabilities and experience in the local market with the global resources and technologies of Hexagon Metrology to provide a better offering to German customers.
“CAMTECH has always been a highly competent partner, whose team knows the requirements of our customers. Adding CAMTECH to our direct sales footprint will enable Vero Software and Hexagon to better capitalise on the growing opportunities in Germany,” said Vero Software President Mr Steve Sivitter.
“Being close to our customers is the key driver of our global growth strategy, and acquiring key distribution partners enables us to achieve this growth while also gaining a wealth of knowledge and experience. By working closely and integrating with our other operations across German-speaking countries, CAMTECH will accelerate our ability to leverage the strengths of all our technologies and expertise in the region.”
The assets of the CAMTECH business relevant to Vero Software were fully consolidated as of 1 November 2015. The acquisition has no significant impact on the results of Hexagon.