Hexagon acquires CAE solutions provider MSC Software
The US$834 million deal will allow MSC to run as an independent business unit within Hexagon's Manufacturing Intelligence (MI) division.
Hexagon announced an agreement to acquire MSC Software in a US$834 million deal.
MSC’s simulation analysis capabilities empower customers to optimise design for production, ensuring downstream productivity, product quality and durability.
The acquisition will further strengthen Hexagon’s smart connected factory strategy to deliver enterprise solutions within manufacturing verticals. It will also help the company connect the design and production stages, 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.
“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 Hexagon President and CEO Ola Rollén. “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.”
Headquartered in Newport Beach, CA, United States, MSC has over 1,200 highly-skilled professionals in 20 countries. Its strong brand and reputation in industries such as automotive, aerospace and electronics spans more than 50 years. MSC will continue to run as an independent business unit within Hexagon’s Manufacturing Intelligence (MI) division.
“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. “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.”
The acquisition is subject to clearance and standard regulatory filings and is expected to be complete in April of 2017.