“`html
Cadence Design Systems, Inc. (CDNS) has signed a definitive agreement to acquire the Design & Engineering (D&E) division of Hexagon AB, including MSC Software, for €2.7 billion. The deal, set to close in the first quarter of 2026 pending regulatory approvals, consists of 70% cash and 30% Cadence common stock. Hexagon’s D&E division generated approximately $280 million in revenue in 2024 and employs over 1,100 experts globally.
This acquisition will enhance Cadence’s capabilities in multiphysics simulations and system design analysis, expanding its client base, including major aerospace and automotive firms like Boeing, Lockheed Martin, and BMW. The D&E group’s flagship solutions, such as MSC Nastran and Adams, are critical for structured dynamics simulation, particularly in sectors moving towards electric vehicles and autonomous technologies.
Cadence’s acquisition strategy has been pivotal in growth, with previous purchases including BETA CAE Systems International AG in June 2024. The ongoing integration of advanced simulation software aims to broaden Cadence’s Intelligent System Design vision, covering a full spectrum of physical behaviors.
“`
