Hexagon to acquire ETQ from Technology Crossover Ventures for $1.2bn.

Hexagon, a provider of digital reality solutions combining sensor, software and autonomous technologies, agreed to acquire ETQ, a provider of SaaS-based quality management system, environment, health and safety and compliance management software, from Technology Crossover Ventures for $1.2bn. "Integrating data from our metrology systems with Reliance leads to increasing levels of autonomy that improve a customer's ability to put quality and process data to work. ETQ also enables connectivity of quality data and processes across supply chains, bringing suppliers and customers into one system," Ola Rollén, Hexagon President and CEO.