Hexagon has acquired Indurad, a company specializing in radar and Real-Time Location Systems (RTLS) technologies, along with its autonomous haulage subsidiary, Xtonomy. Through this acquisition, Hexagon aims to accelerate the shift to fully autonomous mines, as well as advancing mine productivity and safety.
Key benefits of the acquisition:
- Enhanced Mine Safety: Indurad’s advanced radar-based collision avoidance systems mitigate risks in high-stakes mining environments.
- Increased Productivity: Real-time ore tracking and measurement help automate mine workflows, reducing downtime and inefficiencies.
- Future-Ready Autonomy: Indurad’s mobile machine automation expertise and OEM-agnostic autonomy platform combined with Hexagon’s existing technologies accelerate the shift to fully autonomous mines.
“This acquisition represents another step towards realizing our vision of fully connected and integrated mine workflows. Indurad’s radar technology aligns perfectly with our focus on safety and autonomy, and we are excited to integrate their capabilities into our portfolio to unlock its full potential.”
said Norbert Hanke, Interim President and CEO of Hexagon.
Based in Germany, Indurad specializes in modular radar systems that deliver precise object location tracking, collision avoidance, and machine automation capabilities. These innovations will enhance Hexagon’s integrated life-of-mine portfolio, further solidifying its leadership in the mining industry.
The transaction is expected to close in late November, at which point Indurad will be fully consolidated into Hexagon’s Autonomous Solutions division. In 2023, Indurad reported revenues of approximately 19 MEUR, with profitability initially below Hexagon Group levels but expected to improve as synergies are realized. The company has 140 employees globally.
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