Hexagon Capability Centre India (HCCI), an incubation centre and research and development (R&D) unit of Swedish technology major Hexagon AB, opened its new facility in Hyderabad on Thursday. The 200,000-sft centre would accommodate 1,200 associates, with scope to further expand the headcount by 20 per cent over the next two years.
"HCCI currently operates out of four leased facilities in Hyderabad.
We are in the process of consolidating them into the new centre pretty soon," Navaneet Mishra, vice-president and country manager, HCCI, told mediapersons.
The new facility will house Hexagon's product R&D and services teams that work on an umbrella of integrated technologies catering to sectors including aerospace, agriculture, automotive infrastructure, construction, mining, power, safety, surveying, security and governments.
The Hyderabad operations came into Hexagon AB's fold as part of its acquisition of US-based engineering and software company Intergraph Corporation for $2.13 billion in July 2010. The Stockholm Stock Exchange-listed company, with revenues of Euro 3 billion, has made 80 acquisitions in the past decade. It spends 11 per cent of its annual revenues on R&D.
"Hexagon has the appetite, capabilities and desire to go in for more acquisitions," said Steven Cost, president (safety and infrastructure), Hexagon, while declining to draw any time line. Stating that Hexagon is eying business potential in the development of smart cities in India, Cost said the company was planning to collaborate with five to six Indian technology players for the same.