Cadence to Acquire Hexagon's Design & Engineering Business (MSC Software)
February 26, 2026
Cadence (NASDAQ: CDNS) entered into a definitive agreement to acquire Hexagon AB’s Design & Engineering (D&E) business, including MSC Software, for approximately €2.7 billion. The deal is intended to strengthen Cadence’s Intelligent System Design and system analysis portfolio with Hexagon’s multiphysics simulation technologies such as MSC Nastran and Adams.
- Buyers
- Cadence Design Systems, Inc.
- Targets
- Hexagon AB - Design & Engineering (D&E) business (including MSC Software)
- Sellers
- Hexagon AB
- Industry
- AI & Machine Learning
- Location
- Sweden
- Transaction Type
- Buyout
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