Hexagon’s Voyansi acquisition expands BIM portfolio

Hexagon is acquiring Voyansi in a move that will boost its BIM solutions portfolio. Voyansi is an architecture, engineering, construction and operations (AECO) focussed provider of BIM and virtual design and construction solutions, reality capture services and BIM workflow software development.

Voyansi’s services are used to digitise asset types across the design, build and operate phases of their lifecycles. Their solutions complement Hexagon’s leadership in reality capture and AECO solutions, by adding BIM support to enable advanced 3D modelling and improve data accuracy.

“This acquisition builds on our strategy within Hexagon Geosystems division to accelerate the digitisation of the construction industry,” said Paolo Guglielmini, president and CEO, Hexagon. “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.”

In 2023, Voyansi generated revenues of around €14 million, with a strongly growing recurring revenue base, and has operating margins similar to the Geosystems division.

This business move follow Hexagon’s recent acquisition of UK firm Xwatch Safety Solutions, another strategic move that widened its portfolio. Xwatch has been a pioneer in the field of construction machine safety systems with its XW series, which has features such as height control, slew control, and rated capacity indication (RCI). The Xwatch move for Hexagon followed the collaboration between Xwatch and Leica Geosystems, already part of Hexagon. This resulted in the innovative 3D Avoidance Zone system.