Hexagon acquires iLab
Hexagon AB, a leading global provider of design, measurement and visualisation technologies, announced the acquisition of iLab Sistemas, a leading provider of planning and optimisation solutions for the agro-business sector, with special focus in the sugar and ethanol industries. ILab will, together with Arvus and Leica Agriculture, form the backbone of Hexagon's Smart Agriculture Solution.
Headquartered in Ribeirão Preto, Brazil, iLab takes advantage of extensive know-how and various techniques to deploy highly-parameterised solutions that address complex problems related to agricultural processes and production. They include linear programming, operations research, genetic algorithms, constraint-based programming, neural networks, statistics and advanced mathematics. ILab's offerings include software optimisation tools for every stage of crop growth - from planting, harvesting and logistics planning to area and asset management, scenario comparisons, and cost and budget forecasting - permitting value-added decision analysis and process automation.
"Together with its established software suite of end-to-end planning optimisation solutions for sugarcane mills, iLab's strong market footprint in the sugarcane industry will support the further development of the Smart Agriculture solution from Hexagon Solutions," said Hexagon President and CEO Ola Rollén. "Additionally, iLab's offerings complement the product portfolios of Hexagon brands Leica Geosystems, Sisgraph and Devex in areas such as fleet management, precision agriculture, automation platforms and control room technologies."
The acquisition has no significant impact on Hexagon's earnings.