Hexagon, a provider of design, measurement and visualization solutions, has signed a definitive agreement to acquire the business of GTA Geoinformatik, a provider of georeferenced virtual 3D city models and efficient building reconstructions.
Founded in 1995, GTA Geoinformatik is the developer of tridicon software, which enables the automatic generation of high-quality, colored 3D point clouds. The company also specializes in uniting point cloud data with aerial images, including oblique and LiDAR images to create intelligent, navigable 3D city models.
"The idea of creating a smart city has been an important part of Hexagon's geospatial vision to merge maps with information and real-time updates," said Hexagon president and CEO Ola Rollen. "Solutions such as those GTA Geoinformatik delivers are becoming increasingly important, as they build the foundation for industry-specific applications in areas of city development such as security, traffic, infrastructure management, energy and emergency response."
GTA Geoinformatik, based in Berlin and Neubrandenburg, Germany, will be fully consolidated as of end of November. The acquisition will not have any visible impact on Hexagon's earnings in the short-term.
For more information, visit Hexagon.
Sources: Press materials received from the company and additional information gleaned from the company's website.