M&A Deal Summary

Cadence Acquires Hexagon - Design & Engineering Business

On September 4, 2025, Cadence acquired business services company Hexagon - Design & Engineering Business from Hexagon for 2.7B EUR

Acquisition Highlights
  • This is Cadence’s 1st transaction in the Business Services sector.
  • This is Cadence’s 0th largest (disclosed) transaction.
  • This is Cadence’s 1st transaction in Sweden.

M&A Deal Summary

Date 2025-09-04
Target Hexagon - Design & Engineering Business
Sector Business Services
Buyer(s) Cadence
Sellers(s) Hexagon
Deal Type Add-on Acquisition
Deal Value 2.7B EUR

Target

Hexagon - Design & Engineering Business

Stockholm, Sweden
Hexagon's Design & Engineering Business provides engineering simulation and analysis solutions.

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Buyer(S) 1

Buyer

Cadence

San Jose, California, United States

Category Company
Founded 1987
Sector Software
Employees12,700
Revenue 4.6B USD (2024)
DESCRIPTION
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.

Cadence develops system design enablement solutions that customers use to design whole electronics systems, increasingly small and complex integrated circuits, and electronic devices. Cadence's solutions are designed to help customers reduce the time to bring an electronics system, IC, or electronic device to market and to reduce their design, development, and manufacturing costs. Cadence's product offerings include electronic design automation, software, emulation and prototyping hardware, system interconnect and analysis, and categories of intellectual property referred to as verification IP and design IP. Cadence was founded in 1987 and is based in San Jose, California.


DEAL STATS #
Overall 54 of 54
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 49 of 49
Country: Sweden M&A 1 of 1
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-04 Cadence - Process Proximity Compensation Product Line

San Jose, California, United States

Cadence's Process Proximity Compensation Product Line is an optical proximity correction (“OPC”) suite of tools.

Sell -

Seller(S) 1

SELLER

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 STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Sweden M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-12 APEI

Toulon-sur-Allier, France

APEI owns and operates a fleet of private aircraft dedicated to aerial data acquisition, primarily within France, neighbouring European countries, and Africa. APEI was founded in 1980 and is based in Toulon-sur-Allier, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-10 Inertial Sense

Salem, Utah, United States

Inertial Sense designs and manufactures miniature, high-performance inertial measurement units (IMUs), inertial navigation systems (INS), and GNSS/INS sensor modules for applications in robotics, autonomous vehicles, aerospace, surveying, and defense. Inertial Sense was founded in 2013 and is headquartered in Salem, Utah.

Buy -