The Marketing Minute: Building Connections in the Electronics Industry
Dan’s Biz Bookshelf: ‘Innovation X: Why a Company’s Toughest Problems Are Its Greatest Advantage’
Happy’s Tech Talk #36: The LEGO Principle of Optical Assembly
PAS Global to be Acquired by Hexagon AB
November 5, 2020 | PR NewswireEstimated reading time: 1 minute
PAS Global, LLC (PAS), the OT Integrity company, announced it has agreed to be acquired by Hexagon AB (Hexagon), a global leader in sensor, software, and autonomous solutions.
With the combination of PAS and Hexagon, customers will benefit from a comprehensive software portfolio to manage the industrial lifecycle from plant design and maintenance, to real-time situation awareness in the control room, cybersecurity risk management, and industrial digital transformation. PAS also complements and significantly extends Hexagon's global customer footprint in the process industries.
"Since 1993, PAS has delivered solutions that help industrial organizations improve process safety and profitability," said PAS Founder and CEO Eddie Habibi. "As cyber risk in the industrial sector has grown, we have remained true to our mission by expanding our capabilities to further protect operational technology (OT) and have been recognized as a leading cyber asset management company. Now, PAS and Hexagon together will be a powerhouse solution provider for managing the entire industrial lifecycle."
"Hexagon is committed to a mission of empowering the autonomous future by putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications," said Hexagon PPM President Mattias Stenberg. "The strategic acquisition of PAS will expand our owner operator market presence and broaden our capabilities by extending Hexagon solutions to operational risk management and operational technology cybersecurity."
"We have long admired Hexagon's technology portfolio and team," Habibi added. "There is strong technology and cultural fit across our two organizations, and we are excited to join forces with Hexagon to deliver more value to customers and empower the autonomous future."
The acquisition represents a new cybersecurity-focused business segment within Hexagon's PPM division, which will also provide opportunities with other Hexagon divisions. The process safety solutions brought to Hexagon from PAS will be integrated into the PPM owner operator line of business.
Share on:
Suggested Items
U.S. Department of Commerce Announces $1.4 Billion in Final Awards to Support the Next Generation of U.S. Semiconductor Advanced Packaging
01/17/2025 | U.S. Department of CommerceThe U.S. Department of Commerce has announced that CHIPS National Advanced Packaging Manufacturing Program (NAPMP) has finalized $1.4 billion in award funding to bolster U.S. leadership in advanced packaging and enable new technologies to be validated and transitioned at scale to U.S. manufacturing.
onsemi Completes Acquisition of Qorvo’s Silicon Carbide JFET Technology Portfolio
01/16/2025 | onsemionsemi announced that it has completed its acquisition of the Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, from Qorvo for $115 million in cash.
Lockheed Martin Delivers the First Aegis System Equipped Vessel AN/SPY-7(V)1 Radar Antenna to Japan Ministry of Defense
01/16/2025 | Lockheed MartinLockheed Martin successfully delivered the first AN/SPY-7(V)1 radar antenna for the Aegis System Equipped Vessel (ASEV) to the Japan Ministry of Defense.
SIA Releases Policy Recommendations for Trump-Vance Administration and 119th Congress
01/16/2025 | SIAThe Semiconductor Industry Association (SIA) released a policy agenda setting forth the U.S. semiconductor industry’s policy priorities and suggested areas for collaboration with the Trump-Vance administration and the 119th Congress.
ELMOTEC to Showcase SolderSmart® TOP Automated Soldering Equipment at APEX 2025
01/15/2025 | ELMOTECE-tronix, a Stromberg Company, is excited to announce that they will partner with ELMOTEC to showcase the SolderSmart® TOP Automated Soldering Equipment at APEX 2025 Booth #1703.