Hexagon AB Acquiring MSC Software

NEWPORT BEACH, CA--(Business Wire – February 2, 2017)MSC Software Corporation  announced today that it has reached an agreement to be bought by Hexagon AB.  The acquisition is subject to clearance and standard regulatory filings and is expected to be complete in April of 2017.

MSC will continue to run as an independent business unit within Hexagon’s Manufacturing Intelligence (MI) division. MI’s main businesses are in the automotive, aerospace, machinery, consumer electronics and other discrete manufacturing markets, and is increasingly focused on offering end-to-end solutions in these workflows. Process-oriented solutions are essential for manufacturers, and MSC’s solutions address key design and engineering processes.

“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.” 

“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 Process, Power & Marine division.”

About MSC Software

MSC Software is one of the ten original software companies and a global leader in helping product manufacturers to advance their engineering methods with simulation software and services. As a trusted partner, MSC Software helps companies improve quality, save time, and reduce costs associated with design and test of manufactured products. Academic institutions, researchers, and students employ MSC’s technology to expand individual knowledge as well as expand the horizon of simulation. MSC Software employs 1,300 professionals in 20 countries. MSC Software is owned by Symphony Technology Group and Elliott Capital Management.  For more information about MSC Software’s products and services, please visit: www.mscsoftware.com

About Hexagon AB

Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications. Hexagon’s solutions integrate sensors, software, domain knowledge, and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries. Hexagon (Nasdaq Stockholm: HEXA B) has more than 16,000 employees in 46 countries and net sales of approximately 3bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

Goldman, Sachs & Co. is acting as financial advisor to MSC Software with Paul Hastings LLP acting as legal advisor.  

Press Contact:
Masha Petrova
Email Contact




Review Article Be the first to review this article
Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
Canada Reached Some Labour Market Milestones in August
Jobs
ASIC Architects and Hardware Engineers at D. E. Shaw Research for D. E. Shaw Research at New York, New York
Senior Highway Engineer for RS&H at Jacksonville, Florida
BIM/VDC Coordinator for MBH Architects at Alameda, California
Director, Industrial Machinery Solutions- SISW PLM for Siemens AG at Livonia, Michigan
Product Design Engineer - Softgoods for Apple Inc at Cupertino, California
Assistant Professor in Applied GIS for University of San Diego at San Diego, California
Upcoming Events
World Tunnel Congress 2021 at Copenhagen Denmark - Sep 20 - 24, 2021
AGC Equipment, Technology & Construction Solutions Expo at Marriott Orlando World Center Orlando FL - Sep 21 - 23, 2021
Greenbuild International Conference + Expo at San Diego convention Center San Diego CA - Sep 21 - 23, 2021
Building Innovation 2021 Resilience Sessions Virtual at United States - Sep 27 - 29, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise