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Inside story: Hexagon

Zehrid Osmani, Head of Global Long-Term Unconstrained provides insight into Hexagon, a leader in autonomous solutions.

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Date published
9 Dec 2021
Tag
Zehrid Osmani Head of Global Long-Term Unconstrained

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.

LONG-TERM UNCONSTRAINED INSIDE STORIES

  • The inside story on the leading companies in our global portfolio and why they offer sustainable, long-term growth potential.

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