"We've done over 160 acquisitions since 2002. Some small, some billion-dollar companies." - Alex Brihac, VP of Strategy at Hexagon

In today's episode of Bricks & Bytes, we had Alex Brihac from Hexagon, a $6 billion company that most in construction tech haven't heard of! We learned about their acquisition strategy, how they evaluate companies, and their vision for construction tech's future.

Tune in to find out about:

✅ How Hexagon decides between building vs buying technology (they spend $800-900M annually on R&D!)

✅ Their four-pillar framework for evaluating acquisition targets

✅ Why they sometimes acquire service businesses, not just technology companies

✅ How founders should approach acquisition conversations with strategic buyers

Listen now on Spotify to hear insights from a company that's been quietly reshaping the construction tech landscape through strategic acquisitions for decades.

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Chapters

00:00 Intro

04:17 Introduction to Hexagon and Its Significance

07:11 Understanding Hexagon's Technology and Services

10:20 Research and Development Strategy

13:21 Future Trends and Strategic Focus

16:20 Mergers and Acquisitions Strategy

22:10 Evaluating Potential Acquisitions

28:25 Acquisition of Traditional Businesses and Services

39:17 Shifting Payment Models in Technology

40:03 Strategic Acquisitions and Market Dynamics

43:08 Evaluating Potential Acquisitions

44:05 Mergers and Acquisitions Strategy

47:17 Current Trends in M&A Market

50:23 Competitive Landscape in Acquisitions

55:17 Advice for Founders on Negotiating Acquisitions

59:15 Day-to-Day Responsibilities and Strategic Focus

01:03:16 Creating Successful Strategies and Execution