Hexagon announced an agreement to acquire Toronto-based Rocscience, a provider of geotechnical and engineering analysis software, for $535,000,000 USD. Rocscience’s technology is used by mining, construction, infrastructure, and energy companies across approximately 125 countries to model rock and soil behavior, evaluate slope stability, and assess structural risks.
The acquisition will integrate Rocscience’s predictive engineering software with Hexagon’s radar and monitoring technologies. This integration aims to connect real-time field measurements with engineering simulations to identify potential risks earlier, improve operational decisions, and enhance safety. Rocscience is expected to generate nearly $50 million in 2026 revenue, with recurring revenue representing more than 80% of its business and EBITAC margins exceeding 40%.
The transaction is expected to close in Q4 2026. Hexagon stated that the acquisition represents a significant step in its strategy to combine physical-world monitoring, advanced analytics, and predictive technology. For the mining and construction industries, the opportunity is to move beyond monitoring ground conditions toward anticipating potential failures before they occur.