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July 2016

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Hexagon Acquires FTI



Hexagon AB has announced the acquisition of Forming Technology Inc. (FTI), a provider of innovative manufacturing software solutions designed to reduce the development time and material costs of sheet metal components.

Founded in 1989 and based in Burlington, Ontario (Canada), FTI serves original equipment manufacturers (OEMs) and suppliers in the automotive, aerospace, electronics and appliance industries with sheet metal design, simulation, feasibility and costing solutions. "Its technology portfolio, sold through an international network of reseller partners, coupled with its engineering services and years of expertise in the sheet metal industry, enables customers to validate designs before they go into production and immediately reduce labor and material costs," said a company spokesperson.

"Closing the manufacturing feedback loop to enhance quality and productivity is an integral part of our solutions strategy," said Hexagon President and CEO Ola Rollén. "Combining FTI's computer-aided engineering (CAE) technologies and knowledge of automotive sheet metal applications with our computer-aided manufacturing (CAM) and metrology solutions will enable us to deliver substantial productivity gains to our automotive customers."

For more information contact:

Hexagon Manufacturing Intelligence Company

1558 Todd Farm Drive

Elgin, IL 60123

855-443-9638 / 401-886-2000

www.hexagonmi.com

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