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PAS Global, LLC announced it has agreed to be acquired by Hexagon AB, a global leader in sensor, software, and autonomous solutions.
With the combination of PAS and Hexagon, customers will benefit from a software portfolio to manage the industrial lifecycle from plant design and maintenance, to real-time situation awareness in the control room, cybersecurity risk management, and industrial digital transformation. PAS also complements and extends Hexagon’s global customer footprint in the process industries.
The acquisition represents a new cybersecurity-focused business segment within Hexagon’s PPM division, which will also provide opportunities with other Hexagon divisions. The process safety solutions brought to Hexagon from PAS will be integrated into the PPM owner operator line of business.
Completion of the transaction (closing) is subject to standard regulatory approvals.