Hexagon Acquiring ETQ
Acquisition adds SaaS-based QMS software platform to its portfolio.
Edited byAngela Osborne
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Hexagon’s Robot Operating System (ROS) is a set of software libraries and tools, running on Linux, that helps integrate multiple sensors to build autonomous applications. Photo Credit: Hexagon
Hexagon, a provider of digital reality solutions combining sensor, software and autonomous technologies, is acquiringETQ, a provider of SaaS-based quality management system (QMS); environment, health and safety (EHS); and compliance management软件.
ETQ says its future-ready, multitenant QMS solution, ETQ Reliance provides the data backbone for automating the collection and delivery of manufacturing quality control data, nonconformance reports, customer feedback and more, providing an enterprise view of quality management across the entire product life cycle. It is said the company’s portfolio of applications comes with out-of-the-box functionality and no-code configurability, enabling customers to tailor the solution to their unique needs and optimize critical business processes to achieve their quality, safety and environmental goals.
“Our leadership in quality data capture and smart digital realities makes ETQ an excellent fit. The acquisition brings a mix of talent and deep quality expertise across extensive industry verticals, targeting the rapidly widening gap between quality data creation and leverage,” says Ola Rollén, Hexagon president and CEO. “Integrating data from our metrology systems with Reliance leads to increasing levels of autonomy that improve a customer’s ability to put quality and process data to work. ETQ also enables connectivity of quality data and processes across supply chains, bringing suppliers and customers into one system.”
ETQ’s advanced data management capabilities, driven by machine learning and artificial intelligence, make quality data fully actionable and available further upstream, the company says. These capabilities are designed to reduce defects, scrap, rework and recalls as well as enable an autonomous feedback loop, digital information trail and virtuous cycle of continuous improvement.
“Hexagon has long been in the business of enabling customers to realize the benefits that data-driven automation and product quality insights bring, including the freedom to create the undisputed factory floor of tomorrow — one that is self-sufficient, self-monitoring, self-optimizing and self-repairing,” Rollén says.
The transaction is expected to be completed by early in the second quarter 2022.
