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The transaction is consistent with hexagon's ongoing portfolio strategy to create focused market leading positions and sharpen future investment behind core business areas. Cadence expands its portfolio with a €2.7b acquisition of hexagon's design business, signaling major eda market consolidation. San jose, calif.— cadence (nasdaq
Cdns) today announced it has entered into a definitive agreement to acquire the design & engineering (“d&e”) business of hexagon ab, which includes its msc software business—a pioneer in engineering simulation and analysis solutions Chip design software provider will pay 70% of the amount in cash and the rest by issuing shares to hexagon. This acquisition accelerates cadence’s intelligent system design™ strategy, significantly expanding the cadence.
Hexagon ab sells its design & engineering business to cadence for 2.7 billion eur
The sale aligns with hexagon’s strategy to focus on core areas and enhance financial flexibility Looking for the best stocks to buy Hexagon’s d&e unit generated revenues of €265 million in 2024 and employs more than 1,100 staff globally.
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