Hexagon AB, a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, has announced the completion of the previously announced acquisition of MSC Software (“MSC”), a US-based leading provider of computer-aided engineering (CAE) solutions, including simulation software for virtual product and manufacturing process development. Completion of the transaction was subject to regulatory approvals and other customary conditions, which have now been obtained.
The acquisition strengthens Hexagon’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.
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 be a fully owned subsidiary of Hexagon and operate under the division Manufacturing Intelligence.
- Purchase price of 834 MUSD on a cash and debt free basis (Enterprise Value)
- In 2016 MSC generated proforma sales of 230 MUSD, with strong profitability and a high percentage of recurring revenue
- The acquisition will further strengthen Hexagon’s smart connected factory strategy to deliver enterprise solutions within manufacturing verticals
For more information: www.mscsoftware.com