DP Technology announces strategic acquisition by Hexagon AB
DP Technology Corp. has signed an agreement to join Hexagon AB’s smart manufacturing portfolio in a strategic acquisition that will bring the best of smart manufacturing to a wider customer base.
Headquartered in Stockholm, Hexagon serves a multitude of ecosystems with its sensor, software, and autonomous solutions—from manufacturing and industrial facilities to mining, agriculture, autonomous mobility, public safety, construction, and more. The ESPRIT CAM system will be included in Hexagon’s Manufacturing Intelligence division.
“This is a natural fit, because manufacturing intelligence is exactly what ESPRIT is all about,” says Paul Ricard, Co-Founder and President of DP Technology “Ultimately, their acquisition of ESPRIT allows us to better serve our customers.”
“The global reach of Hexagon will allow us to expand our brand and to accelerate the evolution of our products based on the needs of manufacturers around the world,” says Dan Frayssinet, Co-Founder and CEO of DP Technology.
The ESPRIT mission—to deliver powerful solutions to the world to drive automation in manufacturing—is synchronous with Hexagon’s mission of putting data to work to enable autonomous, connected ecosystems that boost efficiency, productivity, and quality for their customers.