Hexagon Acquires Licom Systems

Hexagon AB (Cobham, Surrey, UK) has acquired sole ownership of Licom Systems GmbH (Aachen, Germany), a German distributor of Alphacam CAM software for woodworking, metal and stone cutting that will now operate within the Hexagon Manufacturing Intelligence division as part of Vero Software (Cheltenham, UK) makers of Alphacam and several other production software solutions. Licom Systems was founded as a joint venture in 1996 with the aim of developing and marketing manufacturing support software. In 2011, the company holding shared ownership of the business became part of Vero Software, which was subsequently acquired by Hexagon in 2014.

Licom Systems employs 11 people who will continue to support the Alphacam product within a new business unit of Vero Software, serving Germany and other German speaking regions of Europe. Licom Systems chief executive officer Stephan Schneider will manage the new unit, maintaining the longstanding and successful working relationships with the wider Vero Software and Hexagon businesses.

“This acquisition guarantees a bright future for the Alphacam business in this important market,” said Steve Sivitter, the chief executive officer of Vero Software. “The team in Aachen brings a wealth of software expertise and knowledge of the woodworking, metalworking and stone cutting industries, and they have worked as part of the extended Vero Software team for a number of years. Bringing them on board will ensure security and provide the basis of our long-term investment and business development strategy.” Licom Systems was fully consolidated as of December 21, 2017. The acquisition has no significant impact on the results of Hexagon.

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