Hexagon Smart Acquired by Cadence Design Systems — Technology M&A

Cadence Design Systems has completed the acquisition of Hexagon Smart, a enterprise software business in the technology sector, for $225 million. Cadence Design Systems acquisitions expand its design and engineering software capabilities by adding Hexagon Smart’s tools used by engineering teams to support product development workflows. The Hexagon Smart acquisition strengthens Cadence’s strategic acquisition strategy in enterprise software acquisition, targeting customers that rely on digital design and engineering data management. The add on acquisition is categorized as an add on acquisition and technology M&A, with deal value reported across multiple figures including $280 million and $375 million, and is marked as closed.