Romax Technology has been acquired by Hexagon

February 2020

Romax Technology, a leading provider of electro-mechanical drivetrain design and simulation solutions has been acquired by Hexagon AB, a global leader in sensor, software and autonomous technologies.

  • Romax has developed the world’s most complete simulation software and engineering services suite for the advancement, design, analyzation and manufacturing of both combustion driven and electric vehicle powertrains
  • 70% of cars worldwide are developed using Romax’s technology; the company holds 90 patents
  • Romax’s cloud-enabled workflow, Romax Nexus, will further enhance Hexagon’s Smart Factory offerings — enabling engineers to collaborate and optimize electrical and mechanical design simultaneously to deliver the next generation of energy efficient drive and power generation systems
  • Romax Technology’s CEO Andy Poon and the Romax team will continue driving advanced drivetrain CAE solutions and engineering services as part of Hexagon’s Manufacturing Intelligence division
  • Hexagon, a global technology company headquartered in Sweden, is one of the world’s biggest R & D investors, with 3,700 active patents, 21,000 employees in 50 countries, and net sales of $5.5 billion

About Romax Technology

Headquartered in the United Kingdom, Romax Technology provides advanced CAE solutions and engineering services focused on clean transportation and renewable energy, with approximately 240 employees globally that serve more than 500 customers in the automotive, aerospace, wind power, marine, bearing and rail industries.

About Hexagon AB

Hexagon AB (Nasdaq Stockholm: HEXA B) is a global leader in sensor, software and autonomous technologies, with 21,000 employees in 50 countries and is one of the world’s biggest R&D investors with 3,700 active patents. Hexagon uses data to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications.

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Transaction Details

“They understood our space, worked diligently to refine our strategy, and helped us execute. MPG has been a dedicated and trusted partner.”
Andy Poon, CEO, Romax Technology

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