Hexagon AB, a global leader in sensor, software and autonomous solutions, announced the signing of an agreement to acquire Romax Technology Limited, a leading provider of Computer Aided Engineering (CAE) software for electromechanical drivetrain design and simulation.

A greater focus on energy efficiency and an accelerating shift towards electrification brings new engineering challenges that require increased use of simulation tools earlier in the design lifecycle. Romax Technology brings more than 30 years of experience in electromechanical simulation and multi-physics design optimization.