American software company Cadence has announced the €2.7bn acquisition of the design and engineering branch of Sweden’s Hexagon.
The acquisition includes Hexagon’s MSC software business, which offers engineering simulation and analysis.
Hexagon’s flagship MSC Nastran and Adams products are used to design and validate complex mechanical systems.
Cadence says the folding in of Hexagon will further its emerging robotics and physical AI software, with improved real-world motion simulations and interactions.
Anirudh Devgan, Cadence’s president, said: “By adding Hexagon’s D&E world-class simulation capabilities, we will expand our vision of Intelligent System Design to encompass the full spectrum of physical behavior—from electromagnetics and fluids to structures and motion.
“This will be a pivotal step in enabling our customers to design the complex, converged systems of tomorrow.”
70% of the €2.7bn will be paid in cash, with 30% to be paid through Cadence stock.
- Subscribe here to get stories about construction around the world in your inbox three times a week
