Industrial Automation Magazine India

Hexagon acquires ETQ, adds SaaS-based QMS software platform to its portfolio 

Published on : Wednesday 02-03-2022

Stockholm, Sweden, February 2022: Hexagon AB, a global leader in digital reality solutions combining sensor,

software and autonomous technologies, has announced the acquisition of ETQ, a leading provider of SaaS-based QMS (quality management system), EHS (environment, health and safety) and compliance management software.

Customers have long relied on ETQ’s future-ready, truly multi-tenant QMS solution, ETQ Reliance. It provides the data backbone for automating the collection and delivery of manufacturing quality control data, non-conformance reports, customer feedback and more, providing an enterprise view of quality management across the entire product lifecycle. Its broad portfolio of best-in-class applications comes with out-of-the-box functionality and no-code configurability, enabling customers to tailor the solution to their unique needs and optimise critical business processes to achieve their quality, safety and environmental goals.     

“Our leadership in quality data capture and smart digital realities makes ETQ an excellent fit. The acquisition brings a mix of talent and deep quality expertise across extensive industry verticals, targeting the rapidly widening gap between quality data creation and leverage,” says Hexagon President and CEO Ola Rollén. “Integrating data from our metrology systems with Reliance leads to increasing levels of autonomy that improve a customer’s ability to put quality and process data to work. ETQ also enables connectivity of quality data and processes across supply chains, bringing suppliers and customers into one system.”  

ETQ’s advanced data management capabilities, driven by machine learning and artificial intelligence, make quality data fully actionable and available further upstream. Not only does this reduce defects, scrap, rework, and recalls, but it also enables an autonomous feedback loop, digital information trail and virtuous cycle of continuous improvement. 

“Hexagon has long been in the business of enabling customers to realise the benefits that data-driven automation and product quality insights bring, including the freedom to create the undisputed factory floor of tomorrow—one that is self-sufficient, self-monitoring, self-optimising and self-repairing,” continued Rollén. “With our global footprint, vertical synergies and good customer fit, which includes our recently acquired EAM business, ETQ is poised for rapid growth. We’re proud to welcome ETQ to the family as we continue to accelerate our journey to the cloud and build the world’s leading quality stack from shop floor to top floor.”