Hexagon AB has signed an agreement to acquire Aero Photo Europe Investigation (APEI), a French aerial mapping specialist, to strengthen its geospatial data capabilities.
APEI owns and operates a fleet of private aircraft dedicated to aerial data acquisition, primarily within France, neighbouring European countries, and Africa.
APEI, supported by around 10 employees, will be reported within Hexagon's Geosystems division and is expected to generate revenues of around 3 million euros in 2025 with margins similar to average Hexagon levels.
Completion of the transaction is expected to be finalised by the end of the second quarter of 2025.
For comments and feedback: editorial@rttnews.com