Key Takeaways

• Hexagon now holds 100 % of Wuhan‑based ZG Technology, completing the purchase of the remaining 49 % stake.
• The acquisition follows Hexagon’s 2021 purchase of a 51 % controlling interest and its integration of ZG into the Manufacturing Intelligence Business Area.
• ZG Technology, founded in 2014 and spun out of Wuhan University’s photogrammetry and remote‑sensing labs, supplies hand‑held 3‑D scanners for sectors such as automotive, aerospace, rail, heavy industry, casting, medical and research.
• The deal is accretive to Hexagon’s portfolio but does not materially affect the company’s FY 2026 financial statements.

Hexagon Completes Full Take‑over of ZG Technology

Background of the Transaction

In August 2021, Hexagon AB secured a 51 % majority share in Wuhan ZG Automation Technology Co., Ltd., a specialist in portable 3‑D scanning solutions. Over the past two years, Hexagon integrated ZG’s hardware and software assets into its Manufacturing Intelligence division, aligning the Chinese firm with its global metrology strategy.

On September 9 2026, Hexagon announced the purchase of the remaining 49 % of ZG’s equity, bringing its ownership to 100 %. The transaction was settled in cash, with no disclosed premium over the prior valuation. Hexagon confirmed that the acquisition will not create a material impact on its consolidated revenue or earnings per share for the current fiscal year.

About ZG Technology

ZG’s scanners are distinguished by their lightweight form factor (≈1 kg), battery life of up to 8 hours, and real‑time mesh generation on a built‑in touchscreen. The company’s software stack includes automated alignment algorithms that reduce post‑processing time by 30 % compared with legacy systems.

Strategic Rationale for Hexagon

1. End‑to‑End Metrology – Adding ZG’s portable scanners complements Hexron’s existing portfolio of fixed‑line laser trackers, coordinate measuring machines (CMMs), and optical inspection systems, enabling customers to capture geometry from the shop floor to the assembly line.
2. Market Penetration in Asia – Full ownership gives Hexagon direct control over ZG’s fast‑growing Chinese customer base, estimated at ≈200 mid‑size manufacturers in 2025.
3. Technology Synergy – ZG’s photogrammetry‑based algorithms can be merged with Hexagon’s Smart‑M data analytics platform, potentially delivering a unified workflow that shortens the digitisation cycle from 48 h to under 24 h for complex parts.

Financial Outlook

• Revenue Impact: ZG contributed ≈US$12 million to Hexagon’s FY 2025 revenue (≈0.4 % of total). The full acquisition is expected to raise the share of “Portable Scanning” within Hexagon’s Manufacturing Intelligence segment from 5 % to 7 % by FY 2027.
• Cost Structure: Integration costs are projected at US$3 million over the next 12 months, primarily for R&D alignment and supply‑chain consolidation.

Bottom Line

Hexagon’s completion of a 100 % acquisition of ZG Technology solidifies its foothold in the handheld 3‑D scanning market and strengthens its end‑to‑end metrology offering. While the transaction is financially neutral in the short term, the strategic benefits—expanded Asian market access, combined software capabilities, and a broader product suite—position Hexagon to capture a larger share of the growing demand for rapid, high‑precision digitisation across multiple high‑value industries.

Source: Hexagon press release, 9 Sept 2026; Engineering.com article.