Recently, EDA giant Cadence Design announced that it has reached a final agreement to acquire the design and engineering (D&E) business of Hexagon AB in Stockholm for 2.7 billion euros (approximately 3.16 billion US dollars), including its MSC software business. Cadence will complete the transaction by paying the remaining amount in 70% cash and issuing shares.
Hexagon's D&E business is a provider of computer-aided engineering (CAE) software solutions, with market leading products in the field of structural and multibody dynamics simulation. In 2024, its revenue was nearly 265 million euros, and it has over 1100 employees worldwide. This acquisition is expected to bring Cadence a broader customer base, including original equipment manufacturers and suppliers in the aerospace and automotive industries such as Volkswagen Group, BMW, Toyota, and Lockheed Martin. The transaction is expected to be completed in the first quarter of 2026.
This acquisition accelerates Cadence's' intelligent system design ' ™” The strategy has significantly expanded its system design and analysis product portfolio, strengthening its commitment to providing comprehensive solutions to the world's most pressing design challenges. At the same time, this also continues Cadence's expansion strategy of acquiring BETA CAE Systems in 2024, allowing it to further occupy a position in the multi billion dollar structural analysis market.
