Operational technology integrity company PAS Global, announced it was being acquired by Hexagon AB, a global leader in sensor, software, and autonomous solutions. Together, the two companies will offer a comprehensive software portfolio to help customers better manage the Industrial lifecycle.
“Since 1993, PAS has delivered solutions that help industrial organizations improve process safety and profitability,” PAS Founder and CEO Eddie Habibi said in a press release. “As cyber risk in the industrial sector has grown, we have remained true to our mission by expanding our capabilities to further protect operational technology (OT) and have been recognized as a leading cyber asset management company. Now, PAS and Hexagon together will be a powerhouse solution provider for managing the entire industrial lifecycle.”
Together, PAS and Hexagon will help customers with plant design and maintenance, real-time situation awareness in the control room, cybersecurity risk management, and industrial digital transformation. PAS’s process safety solutions will be integrated into Hexagon’s PPM owner operator line of business.
“Hexagon is committed to a mission of empowering the autonomous future by putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications,” Hexagon PPM President Mattias Stenberg said in the release. “The strategic acquisition of PAS will expand our owner operator market presence and broaden our capabilities by extending Hexagon solutions to operational risk management and operational technology cybersecurity.”