Hexagon Design and Engineering Acquired by Cadence — Technology M&A

Cadence has completed the acquisition of Hexagon Design and Engineering, a enterprise software business in the technology sector in the United States. Cadence acquires Hexagon Design and Engineering to expand multiphysics and physical AI capabilities used for engineering simulation, design workflows, and digital engineering. The Hexagon Design and Engineering acquisition strengthens Cadence’s software portfolio for simulation-driven product development and model-based engineering across industrial customers. This technology M&A is an add on acquisition under Cadence acquisitions, structured as a strategic acquisition with undisclosed deal size, and it closed upon completion of the transaction.