In a strategic move, digital reality solutions leader Hexagon AB acquired Loclab, the company recently announced. The acquisition is synergistic since Loclab is a leader in 3D digital twin content creation and will be a part of Hexagon’s Geosystems division. In addition, LocLab's proprietary technology is used by leading transportation, construction, and design consultant companies.
Hexagon’s cloud-based storage, visualization, and collaboration platform blend well with LocLab’s ability to create digital twins using a high degree of automation, proven workflows and artificial intelligence.
To balance speed, cost, and accuracy, LocLab developed a toolchain that can leverage several data input formats, such as terrestrial videogrammetry, survey data, and point clouds, using only photographs or videos at a minimum. When survey accuracy is not required, and speed is preferred, videogrammetry is a highly scalable method. The AI software compares detected objects with LocLab's vast object library of 3D elements (street objects, building components, rail equipment, etc.) to semi-automate the creation of a semantically enriched 3D model.
About Hexagon AB
"Like any digital twin, it provides an intuitive 3D hub for data management and information. But it has traits not always associated with digital twins: it's data-rich, kept up to date in real-time, and workflow-driven, making it seamlessly accessible. And most importantly, it's autonomously intelligent, meaning it can implement physical world actions independent of human intervention." Hexagon President and CEO Ola Rollén.
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.