Hexagon AB has acquired all shares in the Norwegian company My Virtual Reality Software AS (myVR).
provides software that offers a solution for 2D, 3D and 360-degree viewing for
desktop and mobile. The company has developed a patented technology platform
that enables high-resolution real-time viewing of interactive maps over
networks with limited bandwidth. The platform makes it possible to view
large-scale models on any 3D hardware-supported client platform, including
mobile phones and tablets.
acquisition of myVR will be of great value for Hexagon's current offerings.
Everything is going mobile, including our customer offerings,” said Ola Rollén,
president and CEO, Hexagon AB. “In the past, the problem with displaying 3D
data on a mobile device such as a tablet has been size limitations of data
transfers, and also the ability to handle the transfer in a real-time
environment. myVR has a unique solution to this problem, and Hexagon will make
use of its technology in all of our divisions.”
in 2003, myVR provides real-time, 3D virtual technology to the oil, gas,
building, construction, government and web portals industries, as well as other
traditional and emerging digital markets.
will be fully consolidated as of today. The acquisition will not have any
visible impact on Hexagon's earnings in the short-term.
Hexagon Acquires My Virtual Reality Software
May 22, 2012