Stockholm, Sweden - 12 June 2026 - Hexagon AB has acquired ITRES Research Limited ("ITRES"), a Calgary-based provider of high-performance airborne hyperspectral and thermal imaging systems, strengthening Hexagon's ability to deliver richer multi-sensor geospatial data for advanced airborne mapping and analysis.
The acquisition brings together two complementary portfolios under one provider. Hexagon contributes a market-leading suite of airborne sensing and processing products for geodata development - including LiDAR point clouds, high-resolution optical imagery, digital twins, and integrated workflow software, flight planning tools and data delivery systems. ITRES adds high-performance hyperspectral and thermal imaging sensors that operate across a wide spectrum of wavelengths, enabling precise material identification and temperature analysis that existing visible and near-infrared modalities cannot deliver alone.
Together, these capabilities allow customers to collect richer, more analytically powerful datasets from a single airborne survey. Fusing multispectral and thermal data with LiDAR and optical imagery opens new possibilities for ground surface assessment, object classification and thermal property detection, while Hexagon's proven software ecosystem helps teams process and act on that data faster. The result is a more complete multi-sensor mapping platform - and new opportunities for hybrid information collection and data fusion that were previously only possible by combining solutions from multiple vendors.
"Geospatial professionals are looking to extract deeper insight from each airborne survey", said Anders Svensson, President and CEO of Hexagon. "By integrating hyperspectral and thermal sensing into our portfolio, we further expand the range of information that can be captured and analysed. Combining complementary sensing technologies helps geospatial professionals improve classification accuracy, better distinguish materials, and derive more reliable thermal insights, supporting more advanced and specialised applications".
By adding hyperspectral and thermal imaging capabilities to the airborne workflow, customers can gain deeper insight from airborne surveys for environmental applications (such as urban heat mapping, water quality monitoring, wetlands, minerals and geology and forestry mapping) as well as disaster response applications (including locating active fire hotspots, identifying people or objects through heat detection, and rapidly providing responders with georeferenced thermal imagery).
"We welcome the ITRES team and its exceptional capabilities within airborne hyperspectral and thermal imaging to the Infrastructure & Geospatial Business Area. From a technology perspective, the portfolios of Hexagon and ITRES are highly complementary, enabling us to meet our customers' full range of needs in advanced airborne mapping", said Henning Sandfort, President of the Infrastructure & Geospatial Business Area.
ITRES will be reported within Hexagon's Infrastructure & Geospatial (formerly Geosystems) Business Area, within the Scanning & Mapping Division, and is expected to generate revenues of around 13 MEUR in 2026, accretive to net profits from day of completion and with margin initially slightly below the Infrastructure & Geospatial Business Area average.
For further information, please contact:
Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437, ir@hexagon.com
About Hexagon:
Hexagon is the global leader in measurement technologies. Our precision measurement, positioning, and autonomous solutions transform the world's most vital industries. From aerospace & defence, automotive, construction, general manufacturing, to mining and more, we provide the confidence that customers rely on to build, navigate, and innovate.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 17,000 employees in 50 countries and net sales of approximately 3.7bn EUR.
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