Leuven-based GNSS specialist Septentrio has been acquired by the Swedish precision technology leader Hexagon. Founded in 2000, the Imec spinoff develops satellite receivers that provide centimeter-level (better-than-GPS) positioning solutions for industrial applications such as robotics, construction, survey and mapping, maritime, logistics and unmanned aerial vehicles (UAVs). With worldwide offices, it employs around 150 people and generated revenues of over 50 million euros in 2024. The transaction is expected to be completed in the first half of this year.
As part of Hexagon’s Autonomous Solutions division, Septentrio will continue to operate its business model of supplying its technology to its large base of OEM customers. Combining its GNSS platform with its new parent company’s positioning portfolio, including sensor fusion, anti-jamming, correction services and perception technologies, will ensure greater accessibility to high-accuracy and high-performance positioning technology with low size, weight and power characteristics. This will accelerate the adoption of autonomous systems in existing markets and address the needs of emerging high-growth segments like robotics, UAVs, autonomy and other mission-critical applications.
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