Software Divestitures in 2026

Cadence Design Systems completed the acquisition of Hexagon AB's Design & Engineering (D&E) business for approximately €2.7 billion in cash and Cadence common stock. Hexagon received ~3.2 million Cadence shares (about 30% of consideration) with the remainder in cash; the D&E business contributed roughly €265 million of revenue in 2024 and the sale is expected to produce a ~€1.4 billion gain for Hexagon. The deal expands Cadence's capabilities in physical AI, multiphysics and system-level design and analysis.

Mastercam, part of the Sandvik Group, has acquired the CAM business line of longtime channel partner MLC CAD Systems to strengthen its localized support and market presence across the Western and Southwestern United States. MLC CAD Systems will continue to collaborate with Mastercam as a technical solutions provider while transitioning its CAM customers and regional expertise into Mastercam's direct operations.

Chainlink has acquired the Atlas IP and onboarded key Atlas personnel from FastLane to integrate Atlas' order-flow auction technology into Chainlink SVR, accelerating multi-chain expansion of Chainlink's OEV recapture solution. FastLane will continue to operate independently as a strategic partner while Atlas functionality is migrated into Chainlink's SVR deployments across additional blockchain ecosystems.

SmartSearch, a UK anti-money-laundering software provider and portfolio company of Triple Private Equity, has acquired Credas Technologies Ltd. from Dye & Durham Limited. Dye & Durham received approximately £77.8 million (C$146.3 million) in gross cash proceeds and will use the net proceeds to repay senior secured debt; the deal supports SmartSearch's capability expansion in AML/KYC services.