Avvir Joins Hexagon AB to Accelerate Product Growth and Industry Adoption

The reality analysis company will continue to operate as stand alone entity within the Hexagon portfolio

New York, NY --News Direct-- Avvir

Avvir, a reality analysis company providing a system of record for buildings to the construction industry, today announced that it has joined Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies. Avvir will strengthen the Smart Digital Reality[TM] capabilities of Hexagon, joining their Geosystems division. By integrating with Hexagon, Avvir will gain access to a suite of reality capture solutions and services plus Hexagon’s BIM, virtual design and construction (VDC) solutions. This will bolster the platform’s ability to empower an autonomous workflow approach to construction.

Launched in 2017, Avvir has enabled intelligent, data-driven job sites that empower commercial, infrastructure and industrial construction professionals to reliably and safely deliver on schedule and within budget. Avvir’s reality analysis solution improves project workflows, schedules, and outcomes by leveraging onsite reality capture data, enriched BIM (building information modeling) models and AI (artificial intelligence). The BIM-focused reality analysis platform gives construction teams control with automated schedule tracking, cost and earned value analysis, installation issue detection, and an updated BIM with as-built conditions. This integration will accelerate the growth of Avvir and its platform by adding new resources and access to other products and services within Hexagon’s portfolio.

"We are incredibly excited to be joining Hexagon,” said Raffi Holzer, Avvir Founder and CEO. “We have a longstanding relationship with Hexagon’s leadership and know this will be an ideal home from which to accelerate our shared vision for the construction industry.”

“Visual data is indisputably valuable. Avvir’s BIM-based, automatic tracking of project schedules, costs, and values allows customers to focus on solving issues, not finding them,” said Hexagon President and CEO Ola Rollén. “This solution nicely compliments our current offerings, including BricsCAD and the HxGN Smart Build portfolio. As a design authoring platform, BricsCAD supports BIM with its own set of time-saving, AI-driven add-ons such as conceptual modeling, seamless workflows, and cloud connectivity. HxGN Smart Build Insight, which is part of a larger suite of construction reality capture solutions, utilizes next-generation construction management SaaS technology to provide real-time visualization of project progress and cost status.”

“As digital twins become more commonplace across job sites, real-time and autonomous capabilities are increasingly vital to saving time and overcoming asset information challenges with financial visibility and confidence,” continued Rollén. “Integrating Avvir’s proven design-vs-reality analysis platform with our BIM and virtual design and construction (VDC) solutions and our comprehensive suite of reality capture solutions and services strengthens our ability to deliver smart digital realities that empower an autonomous workflow approach to construction."

Moving forward, Avvir will continue to operate as a brand within the Geosystem division of Hexagon AB. The team will continue to work with new and existing clients as it currently operates. Existing clients will not see any immediate change as a result of the integration.

Hexagon AB, headquartered in Sweden, is a global leader in digital reality solutions and has long been focused on creating smart digital realities that put data to work in new ways. Avvir looks forward to building upon that as a result of joining Hexagon. For more information on Avvir please visit avvir.io. Please find the Hexagon press release here.

About Avvir

Avvir’s BIM-focused reality analysis platform gives construction teams control with automated schedule tracking, cost and earned value analysis, installation issue detection, and an updated BIM with as-built conditions. Avvir delivers the only hardware agnostic platform that not only provides critical insights but closes the loop by updating the BIM, allowing customers to focus on solving issues, not finding them.Avvir is based in New York City and serves customers all across North America, Europe and Japan, including AECOM, Related, Columbia and DPR. Learn more at avvir.io.

About Hexagon AB

Hexagon is a global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications. Our technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 23,000 employees in 50 countries and net sales of approximately 4.3bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

Contact Details

Shayla Ridore

+1 401-464-1772

sridore@n6a.com

Company Website

https://www.avvir.io/

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