Hexagon AB Acquires CAE Developer Romax Technology
The acquisition is intended to meet demands in automotive for more efficient design of electric cars in response to climate change.
Hexagon AB has signed an agreement to acquire Romax Technology Ltd., a provider of computer-aided engineering (CAE) software for electromechanical drivetrain design and simulation. A greater focus on energy efficiency and an accelerating shift towards electric cars brings new engineering challenges that require increased use of simulation tools earlier in the design lifecycle, Hexagon says in explaining the acquisition. Romax’s Nexus system enables the simulation of the entire system, including engine, gears, bearings and housings, in order to optimize electrical and mechanical design simultaneously.
“One of the greatest challenges of our time is the battle against climate change and the need to reduce greenhouse gas emissions. The acquisition of Romax Technology enables us to meet the growing need for electrification, providing our customers with integrated tools that empower engineering teams to develop the next generation of energy-efficient electric vehicles,” says Hexagon President and CEO Ola Rollén.
Headquartered in Nottingham, UK, Romax Technology has approximately 240 employees globally serving more than 250 customers in the automotive, aerospace, wind power, marine, bearing and rail industries. The company will operate as part of Hexagon’s Manufacturing Intelligence division.
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