Canadian airborne survey technology company ITRES Research is expected to add about €13 million of annual revenue and be net-profit accretive to Hexagon’s infrastructure and geospatial business after being acquired by the Swedish company for an undisclosed price.
ITRES describes itself as the “longest-established commercial hyperspectral company in the world”.
Hexagon said the Calgary-based provider of airborne hyperspectral and thermal imaging systems would strengthen its ability to deliver “richer multi-sensor geospatial data” for airborne mapping and analysis.
“The acquisition brings together two complementary portfolios under one provider,” Hexagon said.
“Hexagon contributes a market-leading suite of airborne sensing and processing products for geodata development – including LiDAR point clouds, high-resolution optical imagery, digital twins and integrated workflow software, flight planning tools and data delivery systems.
“ITRES adds high-performance hyperspectral and thermal imaging sensors that operate across a wide spectrum of wavelengths, enabling precise material identification and temperature analysis that existing visible and near-infrared modalities cannot deliver alone.
“Together, these capabilities allow customers to collect richer, more analytically powerful datasets from a single airborne survey.”
Hexagon CEO Anders Svensson said geospatial professionals were looking to extract deeper insights from airborne surveys.
“Combining complementary sensing technologies helps geospatial professionals improve classification accuracy, better distinguish materials and derive more reliable thermal insights, supporting more advanced and specialised applications,” he said.
