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Inside story: Hexagon

Portfolio Manager, Zehrid Osmani, provides insight into Hexagon, a leader in autonomous solutions.

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Video Script

We're highlighting today Hexagon, the Swedish industrial technology company, which is positively exposed to the structural growth opportunity from the emergence of "Digital Twin Assets" which are digital representatives of physical objects, such as manufacturing sites, which are used to monitor and improve the performance of the equivalent physical asset.

We see several end markets moving towards the convergence of digital and physical assets. The robotics and automation solutions across a range of industries can help minimise resource usage, to improve sustainability and reduce carbon footprints, thus positioning the company on some attractive long-term structural growth trends in our view.

Hexagon is exposed to the Internet of Things (IoT) providing solutions to customers including smart interconnected factories and construction sites as well as autonomous ecosystems for cities, buildings and vehicles. It has the opportunity to deliver sustainable value creation through their "Smart Digital Reality". Coupling real-time sensor and software feeds with autonomous technologies. Growth is coming from renewable energy, energy storage, carbon capture, connected cities, electric drive trains and scenario planning.

On diversity and sustainability, we have engaged positively and extensively with management. Hexagon appointed a group level Head of Sustainability in 2020. A welcome step that saw the implementation of a number of Key Performance Indicators (KPIs) and targets being put in place. These targets have included a 30% women in leading roles by 2025 and becoming carbon neutral in scope 1 and 2 emissions by 2030 and across its whole value chain by 2050, that is scope 3.

Hexagon is over time reducing its capital intensity and increasing its revenue from software and services, through organic growth supplemented by targeted mergers and acquisitions.

Hexagon gives us exposure to three important themes in our portfolio, which are robotics and automation, infrastructure, and logistics. These three things bring us attractive long-term structural growth exposure and are part of our three mega trends of Demographic Changes, Future of Technology and Resource Scarcity.


The information provided should not be considered a recommendation to purchase or sell any particular security. It should not be assumed that any of the security transactions discussed here were or will prove to be, profitable.


Regulatory information and risk warnings

Past performance is not a guide to future returns

This information is issued and approved by Martin Currie Investment Management Limited (‘MCIM’). It does not constitute investment advice. Market and currency movements may cause the capital value of shares, and the income from them, to fall as well as rise and you may get back less than you invested.

The opinions contained in this document are those of the named manager(s). They may not necessarily represent the views of other Martin Currie managers, strategies or funds.

The information contained has been compiled with considerable care to ensure its accuracy. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Martin Currie has procured any research or analysis contained in this document for its own use. It is provided to you only incidentally and any opinions expressed are subject to change without notice.

The analysis of Environmental, Social and Governance (ESG) factors form an important part of the investment process and helps inform investment decisions. The strategy does not necessarily target particular sustainability outcomes.

Risk warning – investors should also be aware of the following risk factors which may be applicable to the strategy. Investing in foreign markets introduces a risk where adverse movements in currency exchange rates could result in a decrease in the value of your investment.

This strategy may hold a limited number of investments. If one of these investments falls in value this can have a greater impact on the portfolio’s value than if it held a larger number of investments. Smaller companies may be riskier and their shares may be less liquid than larger companies, meaning that their share price may be more volatile.

The opinions contained in this recording are those of the named manager. They may not necessarily represent the views of other Martin Currie managers, strategies or funds. These opinions are not intended to be a forecast of future events, research, a guarantee of future results or investment advice.

The information contained has been complied with considerable care to ensure its accuracy. However, no representation or warranty, express or implied, is made to its accuracy or completeness. Martin Currie has procured any research or analysis contained in this recording for its own use. It is provided to you only incidentally and any opinions expressed are subject to change without notice.

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