Add-on Acquisition • Software

Hexagon Acquires PAS Global

On November 4, 2020, Hexagon acquired software company PAS Global from Tinicum Capital Partners

Acquisition Context
  • This is Hexagon’s 33rd transaction in the Software sector.
  • This is Hexagon’s 18th transaction in the United States.
  • This is Hexagon’s 1st transaction in Texas.

Explore All 10284 Add-on Acquisition Software Deals - Search the Database Free


M&A Deal Summary

Date November 4, 2020
Target PAS Global
Sector Software
Buyer(s) Hexagon
Sellers(s) Tinicum Capital Partners
Deal Type Add-on Acquisition

Target Company

PAS Global

Houston, Texas, United States
PAS Global LLC is a provider of software solutions for ICS cybersecurity, process safety, and asset reliability to the energy, process, and power industries worldwide. PAS solutions include industrial control system cybersecurity, automation asset management, IPL assurance, alarm management, high-performance HMI™, boundary management, and control loop performance optimization. PAS solutions are installed in over 1,100 facilities worldwide in more than 70 countries. PAS Global was founded in 1993 and is based in Houston, Texas.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Hexagon

Stockholm, Sweden

Category Company
Founded 1975
Sector Information Technology
Employees25,091
Revenue 5.4B EUR (2024)
DESCRIPTION

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


Deal Context for Buyer #
Overall 66 of 89
Sector: Software 33 of 39
Type: Add-on Acquisition 62 of 82
State: Texas 1 of 2
Country: United States 18 of 26
Year: 2020 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-29 DP Technology

Camarillo, California, United States

DP Technology Corp. is a developer and supplier of computer-aided manufacturing (CAM) software for a full range of machine tool applications. DP Technology was founded in 1982 and is based in Camarillo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 CADLM

Wissous, France

CADLM provides computer-aided engineering (CAE) with artificial intelligence (AI) and machine learning to revolutionise the impact of simulation in product development processes and lifecycles. CADLM was founded in 1989 and is based in Wissous, France.

Buy -

Seller Profile 1

SELLER

Tinicum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tinicum Capital Partners is a private equity group that seeks to acquire control of companies through acquisitions or restructurings or to take minority stakes in public or private companies through equity or debt securities. Tinicum's target equity investment size is between $30 and $150 million per transaction. Sectors of interest include aerospace; HVAC components; medical devices; financial services; specialty industrial products or components; pumps, valves and other process control equipment; specialty machinery; electrical equipment; motors and motion control equipment; specialty metals/magnetics; and media/advertising. The Firm will not consider investments in venture capital, real estate, or unproven technology. Tinicum was formed in 1998 and is based in New York City.


Deal Context for Seller #
Overall 24 of 28
Sector: Software 1 of 1
Type: Add-on Acquisition 12 of 13
State: Texas 4 of 4
Country: United States 21 of 25
Year: 2020 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-03 Doduco

Pforzheim, Germany

Doduco designs and manufactures a broad range of electrical contact materials and related products including rivets, stamped and brazed assemblies, and over-molded components. The company also refines precious metals and provides electroplating services. Doduco was founded in 1922 and is based in Pforzheim, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Advantek

Eden Prairie, Minnesota, United States

Advantek manufactures precision component packaging and delivery systems designed to transport and protect high-value semiconductor and electronic components during shipping and storage. Advantek was founded in 1978 and is based in Eden Prairie, Minnesota.

Buy -