Cadence completes acquisition of Hexagon’s Design and Engineering business

Reuters02-23 22:00
Cadence completes acquisition of Hexagon’s Design and Engineering business

Cadence Design Systems has completed its previously announced acquisition of Hexagon AB’s Design and Engineering business for about €2.7 billion, paid 70% in cash and 30% in Cadence stock. The deal adds MSC Software products including MSC Nastran and Adams to Cadence’s System Design and Analysis portfolio, and Cadence expects the acquired business to contribute an incremental $160 million in 2026 revenue, with the transaction becoming accretive to non-GAAP EPS in 2027.

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