Cadence Acquires Hexagon's Design & Engineering Business
February 26, 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.
- Buyers
- Cadence Design Systems, Inc.
- Targets
- Hexagon Design & Engineering business
- Sellers
- Hexagon AB
- Industry
- Software
- Location
- Stockholm County, Sweden
- Transaction Type
- Divestiture
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