M&A Deal Summary

Hexagon Acquires MSC Software

On February 2, 2017, Hexagon acquired software company MSC Software from STG for 834M USD

Acquisition Highlights
  • This is Hexagon’s 21st transaction in the Software sector.
  • This is Hexagon’s 4th largest (disclosed) transaction.
  • This is Hexagon’s 12th transaction in the United States.
  • This is Hexagon’s 2nd transaction in California.

M&A Deal Summary

Date 2017-02-02
Target MSC Software
Sector Software
Buyer(s) Hexagon
Sellers(s) STG
Deal Type Add-on Acquisition
Deal Value 834M USD

Target

MSC Software

Newport Beach, California, United States
website
MSC Software Corp. is a provider of enterprise simulation solutions, including simulation software and services. MSC Software Corp. was established in 1963 and is headquartered in Newport Beach, California.

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Buyer(S) 1

Buyer

Hexagon

Stockholm, Sweden

website


Category Company
Founded 1975
Sector Information Technology
Employees24,195
Revenue 5.2B EUR (2022)
DESCRIPTION

Hexagon is a provider of integrated design, measurement and visualisation technologies. Hexagon was founded in 1975 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 47 of 79
Sector (Software) 21 of 38
Type (Add-on Acquisition) 44 of 74
State (California) 2 of 4
Country (United States) 12 of 23
Year (2017) 1 of 5
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Multivista Systems

Phoenix, Arizona, United States

Multivista Systems LLC is a provider of visual, cloud-based construction documentation solutions. Visual construction documentation enables visibility of construction progress throughout the life cycle of a built asset from start to finish.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 Catavolt

Alpharetta, Georgia, United States

Catavolt, Inc. is a US-based mobile app platform provider. Catavolt, founded in 2009 with headquarters in Atlanta, GA, offers an end-to-end platform for mobile application development and delivery, secure cloud orchestration and edge computing (real-time). Catavolt’s team of experts are highly-skilled in cloud and mobile technologies as well as enterprise software solutions – all fundamental to furthering Hexagon’s SMART X strategy, which is driven by the desire to make entire systems more efficient. Systems built around an information network with connectivity at the core, serving up data in the most intelligent and visually meaningful way.

Buy -

Seller(S) 1

SELLER

STG

Menlo Park, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2002
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

STG is a private equity firm focused on making investments in software and services companies. STG looks to leverage operational expertise in helping its portfolio companies 'increase customer value' and grow. In addition to its focus within the software/services sectors, STG also has interest in healthcare, pharmaceuticals manufacturing, consumer packaged goods, retail, financial services, and communications. STG was formed in 2002 and is based in Menlo Park, California.


DEAL STATS #
Overall 15 of 29
Sector (Software) 5 of 11
Type (Add-on Acquisition) 9 of 14
State (California) 3 of 5
Country (United States) 10 of 19
Year (2017) 1 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-27 Fishbowl

Alexandria, Virginia, United States

Fishbowl is a provider of online marketing software and services to the restaurant industry. Fishbowl was founded in 2000 and is based in Alexandria, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-14 Bond International Software

Goring-by-Sea, United Kingdom

Bond International Software is a global provider of Staffing and Recruitment software with over 40 years of recruitment industry experience. Headquartered in the United Kingdom, with offices in the United States, Australia, Japan, Singapore, China and Hong Kong, Bond has consistently achieved financial growth and maximised investment in the development of technology, services and support provided to its international client base.

Sell -