Hexagon AB Acquires Forming Technology Inc.

Hexagon AB, a provider of information technologies for industrial applications, has acquired Forming Technology Inc. (FTI). The company offers manufacturing software solutions designed to reduce development time and material costs of sheet metal components.

Founded in 1989 and based in Burlington, Ontario, FTI serves original equipment manufacturers (OEMs) and suppliers in the automotive, aerospace, electronics, and appliance industries with sheet metal design, simulation, feasibility and costing solutions.

“Closing the manufacturing feedback loop to enhance quality and productivity is an integral part of our solutions strategy,” said Ola Rollén, president and CEO of Hexagon. “Combining FTI’s CAE technologies and knowledge of automotive sheet metal applications with our CAM and metrology solutions will enable us to deliver substantial productivity gains to our automotive customers.”

For more information, visit Hexagon.

Sources: Press materials received from the company and additional information gleaned from the company’s website.