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Emerging Markets Global Advisory LLP (EMGA), in partnership with Banco Improsa, announces that it has secured a US$15 million line of credit from The Japan International Cooperation Agency (JICA).

EMGA’s Head of Investment Banking and Managing Director of EMGA, Sajeev Chakkalakal, stated: “In spite of a challenging global macroeconomic environment, we are pleased to once again facilitate Banco Improsa’s continued vision to supporting SMEs in Costa Rica and complete this financing solution.”

Commenting on the transaction, Felix Alpizar Lobo, General Manager of Banco Improsa, said: “This financing reaffirms our commitment to strengthening the SME segment in Costa Rica. Banco Improsa is proud to share JICA’s objective of contributing to the economic and social growth of developing countries.”

EMGA’s Managing Director Jeremy Dobson added: “Banco Improsa’s strong management and healthy financial position were key factors in helping the EMGA Investment Banking team secure this funding, and this JICA facility will further strengthen Banco Improsa’s ability to grow its core SME lending book.”

JICA

The Japan International Cooperation Agency is a governmental agency that provides most of the Official Development Assistance for the Government of Japan. It is chartered with assisting the economic and social growth of developing countries, and the promotion international cooperation.

EMERGING MARKETS GLOBAL ADVISORY LLP (EMGA)

EMGA, with offices in London and New York, assists financial institutions and corporations seeking new debt or equity capital. EMGA’s multi-national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world’s emerging markets and frontier economies, including Costa Rica which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues expanding its geographic reach and service offering, solidifying its place in the market as one of the industries pre-eminent emerging markets focused niche investment banks.

BANCO IMPROSA

It is a commercial bank with more than 37 years of experience, whose relational business model and focus on niche markets specializes in providing financing solutions and services to small and medium-sized enterprises (SMEs), among others. Banco Improsa was one of the first private banks in Costa Rica to offer non-financial services to its clients and has a long-standing history of providing advice and support to SMEs. Banco Improsa’s key success factor is its commitment to high standards of agile and flexible service, which, together with the offer of customized financial solutions, has enabled it to achieve a solid position in these segments.

Banco Improsa is a subsidiary of Grupo Financiero Improsa (GFI).

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• Hexagon has contributed significantly to the open-source Fluid Framework data architecture that connects any manufacturing system and will integrate with Microsoft 365 creating agile, simplified workflows and productive collaboration using engineering and productivity software
• Hexagon will roll-out applications that integrate the Microsoft Azure OpenAI Service to empower experienced employees to be more productive and assist less skilled users
• These innovations form a significant foundation for new real-time co-engineering applications that combine Hexagon’s digital twin technologies with Microsoft Azure

HANNOVER, Germany, April 23, 2024 /PRNewswire/ — Hexagon’s Manufacturing Intelligence division today announces its strategic partnership with Microsoft, which aims to redefine how engineers collaborate and enable the discrete manufacturing industry to innovate faster, with more confidence, and with new solutions that combine data from virtual engineering processes with real-world measurement of manufactured products. The collaboration will offer solutions that use modern cloud infrastructure to connect manufacturing and engineering systems – including Microsoft 365 – in Hexagon’s Nexus digital reality platform for manufacturers, and help employees increase their productivity through cloud-accelerated simulation and AI. 

The partnership aims to transform collaboration across the manufacturing value chain and apply digital twins to accelerate product innovation.

Transforming how manufacturers collaborate

Hexagon and Microsoft have partnered closely on the development and scaling of the open-source Fluid Framework and Azure Fluid Relay service to support the real-time sharing of data across a wide range of manufacturing industry processes and systems, allowing data created in one system to be immediately available to any other person or machine operating in another. Under the new partnership, the Microsoft 365 ecosystem will plug into this data layer, enabling customers to connect their day-to-day office documents and processes with manufacturing tools. This gives teams the freedom to innovate with the tools they already use; for example, tooling cost data from a Microsoft Excel worksheet could be easily shared with a CAM programmer, so simplifying work practices and decision-making between roles.

Microsoft Teams calls can become interactive working sessions, with CAD, simulations or metrology point clouds seamlessly visualised from the source data to allow on-the-spot collaboration and fast, iterative teamwork across disparate engineering and manufacturing functions. Hexagon has already demonstrated this capability in its 3D Whiteboard Nexus tool, which is also now available as an native app in Teams.

Accelerating innovation through AI and high-performance computing

Hexagon is working with Microsoft to integrate generative AI models into its manufacturing software, helping users to make better use of their capabilities and analysing existing datasets to learn and suggest the best practices for achieving desired outputs. These AI experiences include contextual advisors, offering expert users productivity-boosting automation while also helping new users to upskill faster and achieve good results with less supervision – a valuable tool as the industry faces a growing skills shortage in many essential roles.

The partnership will apply Hexagon’s manufacturing, engineering and data science domain expertise and Microsoft Azure’s elastic computing and high-performance computing (HPC) infrastructure to accelerate engineering simulations by up to three orders of magnitude, making it possible to streamline design & engineering workflows to deliver innovative products to market at greater speed. Hexagon’s machine learning technology optimizes heavy-load simulations, allowing them to run much more efficiently. Azure customers will be able to use their existing contracts to access this machine learning-accelerated compute service through Nexus – allowing teams to use the IT they already have in place.

Combining Hexagon’s measurement and reality capture technology and Nexus open-access

 platform with Microsoft’s cloud ecosystem creates the foundation for agile and collaborative engineering applications and industrial metaverse use cases. A digital twin utilising Azure compute for simulations can now draw Hexagon’s real-world, real-time data capture and present information to users without complex systems integration. By implementing these technologies, manufacturers can create new workflows across the product lifecycle that shorten time to market, improve factory-floor efficiencies, identify manufacturing problems in real-time and improve quality.

Stephen Graham, EVP and General Manager Nexus at Hexagon said: “At Hexagon, we’re on a mission to empower the workforce by presenting them with the best available information as soon as possible and helping them to close the gap between their optimal-performance virtual designs and the physical products that they manufacture. We have achieved a huge amount with Microsoft in a few short months by collaborating closely and applying their best cloud technologies to unlock new ways of collaborating and sharing data.

Our strategic partnership takes this to the next level, driving a shared vison and go-to-market to help our customers connect their Hexagon tools and products with third-party engineering systems and Microsoft 365. This allows for completely new workflows to be built, increasing the visibility of data, enabling sustainable innovation and increasing productivity from design & engineering to end-of-life management.”

Aleš Holeček, Corporate Vice President Office Product Group, at Microsoft said: “Microsoft’s collaboration with Hexagon is driven by a shared belief that the future of work and productivity is grounded in collaboration. Similar to how Microsoft applied the Fluid Framework to our own Microsoft 365 applications, Hexagon has extended that same open-source data fabric to manufacturing problems, enabling real-time collaboration between the many engineering disciplines it takes to make a great product, through its Nexus platform running on Microsoft Azure. It’s something that will push the boundaries for workplace collaboration for both of our platforms as we connect productivity with the engineering and operational technologies ‘makers’ need to be productive today.”

Learn more about Nexus at https://hexagon.com/products/product-groups/nexus

Media contacts:
Robin Wolstenholme
Global Media Relations and Analyst Relations Manager
Hexagon’s Manufacturing Intelligence Division
Phone: +44(0)7407 642190
e-mail: [email protected]
Global press office: [email protected]

About Hexagon

Hexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications. 

Our technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future. Hexagon’s Manufacturing Intelligence division provides solutions that use data from design and engineering, production and metrology to make manufacturing smarter. For more information, visit hexagon.com/mi.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,500 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

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