ROBOTICS AND AUTOMATION,ENGINEERING TECH
VI-Grade | December 28, 2022
Digital reality solutions leader, Hexagon’s partnership with professional driving simulator solutions provider, VI-grade to make way for high-fidelity vehicle simulators.
Hexagon AB's Adams Real Time multibody dynamics simulation software is now validated for use on VI-grade Driving Simulators, as recently announced by the Manufacturing Intelligence division of Hexagon. This allows carmakers and tier-one automotive suppliers to develop safe and desirable driver experiences without physical prototyping efficiently.
Automotive engineers use Adams to create virtual vehicle prototypes and to bridge the gap between physical tests. Adams Real Time Hardware-in-the-Loop (HIL) high-fidelity simulations are used to evaluate engineering decisions for the ride, handling, and durability targets to produce safe and comfortable vehicles.
VI-grade, a leading provider of driving simulator technology, allows engineers to physically test Computer Aided Engineering (CAE) models without needing system or vehicle prototypes.
Adams Real Time is now VI-Certified, which only includes third-party solutions that pass stringent real-time reliability and safety tests. In addition, Hexagon relied on its years of collaboration with VI-grade to bring high-fidelity physics to VI-grade's experiential driving platforms. This makes it easier to replicate on-road experiences in the manufacturer's test facilities, where engineers and focus groups can improve future vehicles.
“The program will reduce the integration burden on our customers by ensuring that the best of our third-party partner software tools work seamlessly on our simulators. Through our partnership, Hexagon and VI-grade are providing a valuable, time-saving solution that makes it easier for our customers to use virtual prototyping with confidence to save cost and get safe, compelling products to market on time.”
About Hexagon AB
Hexagon is the world's leading provider of digital reality solutions. We use data to improve efficiency, productivity, quality, and safety in industrial, manufacturing, infrastructure, public sector, and mobility applications. Our technologies make production and people-related ecosystems more connected and autonomous for a scalable, sustainable future.
VI-grade is a leading provider of real-time simulation and professional driving simulator solutions that help the transportation industry accelerate product development. VI-grade provides turnkey simulator solutions that include proprietary software, hardware, services, and an open framework for customization through its global network of trusted partners.
WSP | December 12, 2022
WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) announced today that it has entered into an agreement to acquire enstruct, a 75-employee structural engineering firm with offices in Sydney, Melbourne, and Brisbane, noted for designing and delivering quality building projects throughout Australia.
Although still subject to regulatory approvals and other customary closing conditions, the transaction is expected to be completed by the end of the first quarter of 2023.
“We are excited about joining forces with enstruct as it will strengthen our structural business in Sydney and provide relevant structural engineering capabilities that tie in strategically within our Properties & Buildings sector’s ambitions, The people at enstruct are highly regarded and will deepen our technical skills in the Australian market. I look forward to welcoming them to WSP.”
-Alexandre L’Heureux, President and CEO WSP.
Our firms have a highly complementary client base, a common focus on the healthcare, education, defence and transport sectors and a shared commitment to excellence. said Guy Templeton, WSP’s CEO, Asia Pacific. This acquisition represents a significant opportunity to provide enhanced structural engineering services to our clients, while making a lasting and positive impact on our community.
“Like WSP, we focus on delivering outstanding projects that combine innovation and quality, Combining our two teams means we can keep on delivering the personalized client service and leading structural engineering solutions for which we are known while offering our clients access to the expanded network of expertise, digital tools, and resources now available to us as part of WSP.”
-Ross Clarke, enstruct’s Founder and Managing Director.
enstruct is a specialized structural and civil engineering firm with a workforce of 75 employees in Sydney, Melbourne, and Brisbane. Formed in 2000 by a group of like-minded engineers with experience designing and delivering landmark building projects throughout Australia, enstruct has become a leading consultant thanks to its innovative and pragmatic approach.
As one of the world's leading professional services firms, WSP exists to future-proof our cities and our environment. It provides strategic advisory, engineering, and design services to clients in the transportation, infrastructure, environment, building, power, energy, water, mining, and resource sectors. Its 65,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities we serve through a culture of innovation, integrity, and inclusion. Sustainability and science permeate its work. WSP derived about half of its $10.3B (CAD) 2021 revenues from clean sources. Its shares are listed on the Toronto Stock Exchange (TSX: WSP).
Bowman | December 06, 2022
Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the purchase of H2H Geoscience Engineering, PLLC (“H2H”), a Troy, New York based professional services firm that is focused on the aggregate, cement and industrial minerals industries. H2H also specializes in the collection of detailed 3D measurements and images using state-of-the-art aerial, marine-based, underground, and terrestrial survey mapping technologies. Founded in 2005 by Richard Hisert, PhD PG, H2H provides mine permitting, geospatial, geologic, hydrogeologic, geotechnical, civil and mine engineering, hydrographic, and environmental services to a variety of state, federal, and private sector clients throughout the United States. Hisert, along with other senior managers of H2H, will become part of the Bowman management team.
“The acquisition of H2H will expand our mine consulting and geospatial capabilities as well as extend our service verticals to the transportation and infrastructure market, Their depth of expertise serving the aggregate, cement and industrial minerals mining industries will position us to capitalize on the backlog of transportation and infrastructure spending coming in 2023 and beyond. We were also attracted by their extensive experience in sophisticated underwater imaging, hydrographic surveying, and the unique collection of advanced marine mapping technologies they have assembled. Considering the complementary services which they provide and the skillsets they possess, we have the ingredients for an exceptionally synergistic acquisition. Having already worked together on projects prior to the acquisition, we have a head start on integrating our services which allows us to increase focus on cross selling to our clients.”
-Gary Bowman, CEO of Bowman.
We have gotten to know the Bowman team well and we are confident that their culture and commitment to deliberate growth will enable our team to scale our operations to a degree we could not achieve on our own, said Richard Hisert, founder of H2H. Our skills, experience and tools will complement Bowman’s while their national footprint and extensive professional development programs will provide our team with a new home from which to grow. We have been considering a sale for some time and feel this is the perfect match for our team.
The Company expects the H2H acquisition to contribute approximately $3.5 million of annualized net service billing before revenue synergies and be immediately accretive. The acquisition was financed with a combination of cash and seller notes, including a convertible note. More detailed information on M&A activities, pipeline, and guidance updates will be provided in connection with scheduled quarterly and annual communications.
“H2H meets all of our operating metric objectives and the acquisition cost is within our target multiple range, In this case, the tangible technology and geospatial assets we are acquiring as part of the acquisition will likely account for a greater than usual portion of the final purchase price allocation.”
-Bruce Labovitz, Bowman’s Chief Financial Officer.
About H2H Geoscience Engineering:
H2H Geoscience Engineering, PLLC is a geologic, engineering and geospatial consulting firm located in Troy, New York, providing comprehensive consulting to the aggregate, cement and industrial mineral industries with expertise in mine planning and permitting, exploration, geospatial, hydrogeologic, geotechnical engineering, hydrographic, and environmental services to state, federal, and private sector clients throughout the US. H2H provides turnkey solutions employing the latest innovative mapping and modeling technologies to large scale mining projects from due diligence, through exploration and mine reclamation design. Our integrated team of professional geologists, engineers, environmental scientists, and mapping professionals brings unique expertise and experiences to provide high-quality, responsive, and cost-effective solutions to the largest mining industry leaders throughout the US.
About Bowman Consulting Group Ltd:
Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment. With over 1,700 employees and 68 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement, and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN