February 2, 2017
Hexagon AB, a provider of information technology, has stated it is in an agreement to acquire MSC Software for $834 million. The transaction is expected to be finalized this spring.
According to an MSC press release, the company will continue to run as an independent business unit within Hexagon’s Manufacturing Intelligence (MI) division. MI’s main businesses are in the automotive, aerospace, machinery, consumer electronics and other discrete manufacturing markets, and is increasingly focused on offering end-to-end solutions in these workflows.
“Our mission continues to be laser-focused on driving leadership in simulation tools, with solutions from materials to systems, said Dominic Gallello, president & CEO of MSC Software in the release. “We will continue to work toward delivering breakthrough value to our customers. Although our mission and roadmap does not change, we anticipate that our ability to offer additional process oriented solutions from design to manufacturing will be enhanced by joining forces with Hexagon.”
According to Hexagon, the acquisition strengthens the company’s ability to connect the traditionally separate stages of design and production—integrating real-world data generated on the production floor with simulation data to further improve a customer’s ability to reveal and correct design limitations and production problems prior to manufacturing, a company press release states.
“MSC represents a game changer in our mission to deliver actionable manufacturing intelligence, taking us another step closer to realizing our smart connected factory vision in discrete manufacturing industries such as automotive and aerospace,” said Ola Rollén, president and CEO at Hexagon. “We can now leverage the data our MI division is generating to improve design choices and processes upstream in the workflow. The acquisition will also open up new markets and touchpoints for MSC via our PPM division.”
For more information, read DE’s blog post on the acquisition or visit Hexagon and MSC Software.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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