Digital reality solutions specialist Hexagon has expanded its BIM portfolio with the acquisition of Voyansi
Voyansi is an architecture, engineering and construction-focused provider of BIM and Virtual Design & Construction solutions, reality capture services and BIM workflow software development.
In 2023, the company generated revenues of €14m with a strongly growing recurring revenue base, Hexagon said.
It employs around 300 people with offices in the United States, Argentina and Spain.
Advanced 3D modelling and improved data accuracy
Voyansi’s BIM solutions are used to digitize all asset types, including data centers, hospitals, industrial facilities and shopping centers, across the design, build and operate phases of their lifecycles.
The company’s services will complement Hexagon’s reality capture and AECO solutions by adding BIM support to enable advanced 3D modelling and improved data accuracy.
Paolo Guglielmini, president and CEO of Hexagon, said: “This acquisition builds on our strategy within Hexagon Geosystems division to accelerate the digitisation of the construction industry.
“The addition of Voyansi to our advanced portfolio of AECO solutions will help our customers further enhance sustainability, efficiency and collaboration during construction and enhance their effectiveness in operating and maintaining assets.”
The deal for Voyansi is the latest in a series of strategic acquisitions by Hexagon.
In April, it concluded a deal for Xwatch Safety Solutions.
Xwatch provides machine control hardware and software technologies designed to enhance safety protocols on construction sites. This includes height control, slew control and rated capacity indication for heavy machinery.
In 2023, Xwatch generated revenues of around €4m.
April also saw Hexagon agree to acquire Itus Digital. Based in Roanoke, Virginia, Itus provides asset performance management software designed to optimise reliability, improving uptime and reducing costs.
Its APM platform manages the entire asset strategy and digital twin lifecycle to identify and prioritize asset risk exposure, safeguard assets against known failure modes and monitor condition and performance.
Itus Digital is expected to generate revenues of around €1m in 2024.
