“Leading Radar and Real-Time Systems”: HEXAGON’s Latest Acquisition Accelerates the Journey to Fully AUTONOMOUS MINES

HEXAGON ACQUIRES INDURAD, a company at the forefront of radar and real-time location systems (RTLS). The deal, announced in late November, also includes Indurad’s autonomous transportation subsidiary, Xtonomy. This strategic move underscores Hexagon’s commitment to improving mining productivity, safety and autonomy through groundbreaking technology.
In the press release, the company points to several key benefits that the acquisition will bring, including:
• Enhanced Mine Safety: indurad’s advanced radar-based collision avoidance systems mitigate risks in high-stakes mining environments.
• Increased Productivity: Real-time ore tracking and measurement help automate mine workflows, reducing downtime and inefficiencies.
• Future-Ready Autonomy: indurad’s mobile machine automation expertise and OEM-agnostic autonomy platform combined with Hexagon’s existing technologies accelerate the shift to fully autonomous mines.
“This acquisition represents another step towards realising our vision of fully connected and integrated mine workflows,” said Norbert Hanke, Interim President and CEO of Hexagon. “Indurad’s radar technology aligns perfectly with our focus on safety and autonomy, and we are excited to integrate their capabilities into our portfolio to unlock its full potential.”
The acquired company is based in Germany and specializes in modular radar systems that deliver precise object tracking, collision avoidance and machine automation. These innovations, Hanke believes, will enhance Hexagon's integrated portfolio, "further strengthening its leadership in the mining industry."
The transaction is expected to close by the end of November, when Indurad will be fully consolidated into Hexagon's Autonomous Solutions division. In 2023, the company reported revenues of approximately EUR 19 million, but with profitability initially below Hexagon Group levels. However, this is expected to improve as synergies are realized. The company has 140 employees globally.