Metrology solutions provider Hexagon is to buy gearbox and drivetrain design software company Romax Technology.
Romax will be consolidated with MSC Software within the Manufacturing Intelligence division of Hexagon. US-based Computer Aided Engineering company MSC Software provides design and simulation tools to companies and organizations in the aerospace sector such as Boeing and NASA and was acquired by Hexagon in 2017.
Hexagon President and CEO Ola Rollén said, “One of the greatest challenges of our time is the battle against climate change and the need to reduce greenhouse gas emissions.
“The acquisition of Romax enables us to meet the growing need for electrification, providing our customers with integrated tools that empower engineering teams to develop the next generation of energy-efficient electric vehicles.
“Electrification is a growing trend in automotive and aerospace but also presents new opportunities for Hexagon in the development of renewable energy systems.”
Nottingham, UK-based Romax has worked for more than 30 years in electromechanical simulation and multi-physics design optimization. It employs around 240 employees globally and serves more than 250 customers