CAM software developer DP Technology Corp. agreed be acquired by Stockholm-based Hexagon AB in a private transaction, adding its CNC machining simulation and programming capabilities to the Hexagon Manufacturing Intelligence portfolio of sensors, software, and autonomous technologies.
“The global reach of Hexagon will allow us to expand our brand and to accelerate the evolution of our products based on the needs of manufacturers around the world,” stated Dan Frayssinet, co-founder and CEO of DP Technology.
DP Technology’s flagship software is ESPRIT, a CAM system for CNC programming, optimization, and simulation. In their announcement, the developer stated that the ESPRIT mission—to deliver powerful solutions to the world to drive automation in manufacturing—is synchronous with Hexagon’s mission of putting data to work to enable autonomous, connected ecosystems that boost efficiency, productivity, and quality for their customers.”
“This is a natural fit, because manufacturing intelligence is exactly what ESPRIT is all about,” according to Paul Ricard, co-founder and president of DP Technology “Ultimately, their acquisition of ESPRIT allows us to better serve our customers.”
“ESPRIT partners, resellers, and end users can expect a smooth transition and significant synergies that will produce faster growth and greater opportunities,” according to Philippe Albert, vice president of international sales and director of European operations for DP Technology.
“We recognize that our industry relationships, as well as the quality of our products and services, have been foundational to our success,” said Don Davies, vice president of the Americas for DP Technology. “ESPRIT will continue to offer the best product, the best post processors, and the best support and service in CAM. ESPRIT has always had a strong future, and the acquisition by Hexagon will only strengthen our offerings for our resellers, partners, and customers.”