LocLab’s proprietary technology, enabled by a high degree of automation using proven workflows and artificial intelligence, allows the cost- and time-efficient creation of digital twins.
LocLab’s in-house developed toolchain can leverage several data input formats to balance speed, cost and accuracy – such as terrestrial videogrammetry, survey data and point clouds – but only requires photographs or videos at minimum. Videogrammetry is a highly scalable method that comes in handy when survey accuracy is not needed and speed is preferred. Whether creating 3D models of machines, buildings and manufacturing facilities or large-scale areas such as transportation networks or entire cities, 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 (i.e., adding context and descriptive elements).
The acquisition brings the previously announced partnership between Hexagon and LocLab to the next level. It strengthens Hexagon’s ability to make the Smart Digital Reality more accessible to new and existing customers while providing LocLab’s customers with a proven platform for hosting, sharing and keeping 3D digital twins up to date. Headquartered in Germany, LocLab serves some of the world’s largest transportation, construction, and design consultant companies. LocLab will operate as part of Hexagon’s Geosystems division. Completion of the transaction (closing) is subject to customary regulatory approvals. The acquisition has no significant impact on Hexagon’s earnings.