June 12, 2025 – Hexagon AB has entered into an agreement to acquire France-based aerial mapping specialist Aero Photo Europe Investigation (APEI).
The two companies are long-term partners, as Hexagon has been utilizing APEI’s “sensors and processing capabilities and contributing to the Hexagon Content Program, the largest library of aerial imagery & elevation models in the United States & Europe and a core application on HxDR, Hexagon's cloud-based platform for storing, visualising and collaborating on spatial data” In an announcement, Hexagon said that the deal will further its “ability to support growing demand for accurate, large-scale geospatial content.”
Norbert Hanke, interim President and CEO of Hexagon, said, "This acquisition enhances our ability to engage with this opportunity and positions us for other governmental programs in Europe and Africa."
Under the agreement, APEI “will be reported within Hexagon's Geosystems division and is expected to generate revenues of around ~3 MEUR in 2025 with margins similar to average Hexagon levels.” Hexagon’s statement reported the transaction will be completed, subject to regulatory approvals and other customary conditions, by the end of Q2 2025.
Source: Hexagon
