Hexagon Sells Design & Engineering Business to Cadence for €2.7 Billion
Hexagon AB completed the sale of its Design & Engineering business to Cadence Design Systems for approximately €2.7 billion in cash and stock. The transaction aligns with Hexagon's strategy to focus on core precision measurement and robotics solutions. The sale is expected to yield a gain of around €1.4 billion after costs. Cadence anticipates the acquisition will add approximately $160 million in revenue in 2026.
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Hexagon AB finalized the sale of its Design & Engineering business to Cadence Design Systems for about €2.7 billion, comprising cash and 3.2 million Cadence shares. This transaction supports Hexagon's strategy to concentrate on its core areas in precision measurement and robotics.
The sale is projected to generate a gain of around €1.4 billion after expenses. Cadence expects the newly acquired business to contribute approximately $160 million in revenue in 2026, integrating Hexagon's MSC Software portfolio with its existing technologies.
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