Hexagon has completed the acquisition of ETQ

Friday, 08 April 2022 00:48

On April 1, Hexagon AB announced the completion of its previously announced acquisition of ETQ, a provider of QMS (Quality Management System), EHS (Environment, Health and Safety) and SaaS-based compliance software. ETQ is expected to achieve sales of approximately $ 75 million in 2022 with an adjusted operating margin in excess of 35% (cash EBITDA margins of approximately 45%).

SaaS is expected to account for half of reservations in 2022 and is growing at a three-year compound annual growth rate (CAGR) of 60 percent. The transaction is expected to generate sales synergies of more than $ 40 million by 2026 with very strong incremental margins.
Completion of the transaction was subject to regulatory approvals and other customary closing conditions, which have now been met. ETQ will be consolidated on April 1, 2022 and will operate within the division Ma­nu­factu­ring In­tel­li­gen­ce He­xa­go­nu.


Source: Aktuality – 2D a 3D CAD Design Software by www.cad.cz.

*The article has been translated based on the content of Aktuality – 2D a 3D CAD Design Software by www.cad.cz. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!