Hexagon Acquires Indurad to Advance Mining Autonomy

Hexagon has announced its acquisition of indurad, a Germany-based company specializing in radar and Real-Time Location Systems (RTLS) technologies. This includes indurad’s autonomous haulage subsidiary, xtonomy. The addition of indurad’s capabilities is expected to enhance Hexagon’s offerings in safety, productivity and automation for mining operations. Key applications include radar-based collision avoidance systems, real-time ore tracking and mobile machine automation.

The company state that this acquisition supports their strategy to accelerate the adoption of autonomous solutions in mining. Indurad’s modular radar systems provide precise object location tracking and enable integration with various mining workflows. In 2023, indurad reported revenues of approximately 19 million euros and employs 140 people globally.

“This acquisition represents another step towards realising our vision of fully connected and integrated mine workflows. Indurad’s radar technology aligns perfectly with our focus on safety and autonomy, and we are excited to integrate their capabilities into our portfolio to unlock its full potential.” said Norbert Hanke, Interim President and CEO of Hexagon.

For more information: https://hexagon.com/company/newsroom/press-releases/2024/hexagon-accelerates-the-shift-to-fully-autonomous-mines-with-acquisition-of-indurad