# Hexagon

Hexagon is an Asset Manager based in Stockholm, Sweden.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stockholm, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Founded:** 1992
- **Assets under management:** Undisclosed
- **Website:** hexagon.com
- **LinkedIn:** https://www.linkedin.com/company/hexagon-ab

## Regulatory record

- **Reports private funds:** No

## About

Hexagon Ab is an investment firm. It has made one investment, deploying $230 million in total capital. The firm focuses on the manufacturing sector.

## Sectors

- Industrial Tech
- Enterprise Software
- Robotics & Automation

## People

- Ola Rollén — Chairman of the Board
- Paolo Guglielmini — President and CEO

## Questions

### Who runs investment decisions at Hexagon?

Capital allocation is driven by the CEO and the board of directors, with M&A sourcing executed by a dedicated corporate development team. Paolo Guglielmini has led the firm as President and CEO since December 2022, while Ola Rollén remains Chairman and continues to shape long-term strategy. The firm historically targets roughly one acquisition per month, a cadence Rollén established during his 22-year tenure as CEO.

### How does Hexagon source proprietary deal flow?

Hexagon sources acquisitions primarily through its decentralized division leaders, who identify bolt-on targets within their respective geographies and verticals. The firm rarely uses auctions, preferring bilateral negotiations with founder-owned measurement-software, sensor, and industrial-automation businesses. Its reputation as a long-term operator rather than a financial buyer gives it an advantage with sellers who care about technology continuity.

### Is Hexagon structured as a private equity firm or an industrial company?

Hexagon is a publicly listed industrial operating company on Nasdaq Stockholm, not a private equity fund. However, it deploys an unusually aggressive acquisition strategy: over 170 deals since 2000, funded from operating cash flow and modest leverage, with acquired companies integrated permanently into its technology stack rather than held for resale. The firm's high R&D-to-revenue ratio (above 15%) signals an operator operating model, not an asset gatherer.

### Which sectors does Hexagon explicitly avoid?

Hexagon avoids consumer-facing technology, healthcare, financial services, and pure-play software-as-a-service outside of industrial workflows. The firm's public posture and deal history show no appetite for moving outside manufacturing, infrastructure, and geospatial sensing. Even within software, it acquires only companies that connect to physical-world measurement, analytics, or asset operations.

### How does Hexagon's digital-reality strategy differ from competitors like Dassault Systèmes or Siemens?

Dassault and Siemens built their digital-twin platforms from the PLM software layer downward; Hexagon built upward from physical measurement sensors. That means Hexagon controls the data-capture hardware that feeds the digital model, giving it a closed-loop advantage in calibration, error correction, and real-world accuracy. Competitors often rely on third-party sensors, while Hexagon owns the full chain from scanner to cloud.

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- [Hawkwood Capital](https://altss.com/profile/hawkwood-capital)
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Last updated: 2026-06-03T20:00:00.000Z

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