Hexagon has announced the acquisition of Indurad, a company that specializes in radar-based collision avoidance systems (CAS), along with its autonomous haulage subsidiary, xtonomy. Hexagon said this strategic move underscores its commitment to advancing mine productivity, safety, and autonomy through cutting-edge technology.
Indurad’s advanced radar-based CAS can be used to mitigate risks in mining environments. Its real-time ore tracking and measurement systems help automate mine workflows, reducing downtime and inefficiencies. Hexagon believes that indurad’s mobile machine automation expertise and OEM-agnostic autonomy platform combined with its existing technologies will accelerate the shift to fully autonomous mines.
“This acquisition represents another step towards realizing our vision of fully connected and integrated mine workflows,” said Norbert Hanke, interim president and CEO of Hexagon. “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.”
The transaction is expected to close in late November, at which point indurad will be fully consolidated into Hexagon’s Autonomous Solutions division. In 2023, indurad reported revenues of approximately $20 million, with profitability below what Hexagon expects, but the company believes the bottom line will improve as synergies are realized. Indurad, which is based in Germany, has 140 employees globally.
