Hubb has acquired Oqton, a specialist in intelligent manufacturing software for additive production and 3D scanning, for an undisclosed amount. The transaction marks a significant corporate acquisition, bringing together Hubb's strategic vision with Oqton's advanced technological capabilities. Oqton is known for providing comprehensive software solutions that help industrial and healthcare organizations drive innovation and efficiency in their manufacturing processes.
Oqton's portfolio includes several key software products designed to enhance additive manufacturing. Its D2P software offers advanced 3D medical image processing, while 3DXpert provides robust solutions for industrial additive manufacturing. Central to its offering is the Manufacturing OS, a cloud-based platform that delivers AI-driven automation, Manufacturing Execution System (MES) functionalities, build preparation, Computer-Aided Manufacturing (CAM), and Industrial Internet of Things (IIoT) capabilities. These solutions enable complete traceability and visibility across an organization, from design and build prep to additive inspection and medical image segmentation.
This acquisition is strategically significant for Hubb, aiming to bolster its presence in the evolving intelligent manufacturing sector. By integrating Oqton's comprehensive and AI-powered software suite, Hubb is expected to accelerate its capabilities in additive production and 3D scanning, areas critical for modern industrial and healthcare applications. The move expands Hubb's technological depth and market reach, leveraging Oqton's expertise in delivering efficiency and innovation to a diverse client base. The combination is anticipated to create a more robust offering for customers seeking advanced manufacturing solutions.
Expected synergies from this acquisition include enhanced product development, broader customer solutions, and operational efficiencies. The combined entity is poised to drive further innovation in intelligent manufacturing, offering integrated workflows and advanced automation to customers globally. This strategic alignment positions Hubb and Oqton to capitalize on the growing demand for digital manufacturing solutions, promising a strengthened market position and continued advancements in industrial and healthcare production.