Hexagon has announced the signing of an agreement to acquire Romax Technology, a provider of Computer Aided Engineering (CAE) software for electromechanical drivetrain design and simulation.
The cloud-enabled model-based systems engineering platform, Romax Nexus, provides a workflow for designing, simulating and delivering drive and power generation systems, enabling engineers to collaborate and optimise electrical and mechanical design simultaneously. By simulating the operation of the entire system - engine, gears, bearings and housings - the efficiency of automobile, aerospace and wind turbine powertrains can be optimised.
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. Completion of the transaction (closing) is subject to standard regulatory approvals. 2019 sales amounted to 27 MEUR.
