Hexagon AB Acquires Full Ownership of Wuhan ZG Automation
The Swedish metrology and geospatial technology firm has completed its acquisition of the Chinese automation company, consolidating control of operations in a key market.
Swedish technology company Hexagon AB has completed its acquisition of full ownership in Wuhan ZG Automation Technology, a China-based automation firm, according to MT Newswires.
The transaction gives Hexagon complete control of the Chinese company, though financial terms of the deal were not disclosed in the announcement. The move represents a strategic consolidation of Hexagon's presence in the Chinese market, where the company already generates 25.6% of its global revenue across Asia.
Hexagon's industrial footprint
Hexagon specializes in metrology systems and geospatial solutions for industrial applications. The company's product portfolio includes coordinate measuring machines, laser scanners, GPS systems, and computer-aided design software used across inspection, construction, natural resources, and public security sectors.
With approximately 16,000 employees worldwide, Hexagon distributes its sales across three major regions: the Americas account for 39% of revenue, Europe/Middle East/Africa represent 35.4%, and Asia comprises 25.6%.
Why it matters
Full ownership of Wuhan ZG Automation gives Hexagon direct operational control in China's manufacturing sector at a time when Western technology companies face increasing complexity in Chinese market operations. The acquisition eliminates partnership constraints and positions Hexagon to integrate the automation technology more deeply into its broader industrial solutions portfolio. For companies in metrology and industrial automation, this signals continued investment in Asian manufacturing capabilities despite geopolitical headwinds.
Recent acquisition activity
The Wuhan ZG transaction follows Hexagon's August 2026 agreement to acquire UK-based Guidance Marine Ltd., a sensor technology company generating €22 million in annual revenue. That deal, also reported by MT Newswires, demonstrates Hexagon's strategy of targeted acquisitions to expand its sensor and automation capabilities across maritime and industrial sectors.
Hexagon's stock has declined 11.82% year-to-date, trading at 96.03 SEK on the Stockholm exchange. Analyst consensus rates the company as "outperform" with an average target price of 9.016 EUR, representing approximately 4% upside from current levels.
The details of Hexagon's full acquisition of Wuhan ZG Automation Technology were first reported by MT Newswires.
This is an original analysis by the Omega editorial team. Source reporting: Automation Watch.
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