Hexagon Manufacturing Intelligence Acquires FTI
FTI is a provider of CAE software for sheet metal applications.
Hexagon AB has acquired Forming Technology Inc. (FTI; Burlington, Canada), a provider of software designed to reduce the development time and material costs of sheet metal components.
Founded in 1989, FTI serves OEMs and suppliers in the automotive, aerospace, electronics and appliance industries with sheet metal design, simulation, feasibility and costing solutions. Its technology portfolio, sold through an international network of reseller partners, enables customers to validate designs before they go into production and thereby reduce labor and material costs.
“Closing the manufacturing feedback loop to enhance quality and productivity is an integral part of our solutions strategy,” says Hexagon President and CEO Ola Rollén. “Combining FTI’s CAE (computer-aided engineering) technologies and knowledge of automotive sheet metal applications with our CAM and metrology solutions will enable us to deliver substantial productivity gains to our automotive customers.”
The acquisition has no significant impact on Hexagon's earnings, the company reports.
