SEG Sector Deals: Hexagon Acquires MSC Software for $834 Million

Hexagon AB, a leading provider of geospatial and industrial applications, has acquired MSC Software, a leading provider in computer-aided engineering (CAE). The $834 million dollar transaction strengthens Hexagon’s ability to connect the traditionally separate stages of design and production by integrating production floor data with simulation data to further improve a customer’s ability to reveal and correct design limitations and production problems prior to manufacturing. The 3.6x TTM revenue multiple was driven, in part, by MSC’s strong recurring revenue base and profit.

Transaction Details:

Enterprise Value (m) $834.0
TTM Seller Revenue (m) $230.0
TTM Revenue Multiple 3.6x

Seller Business Description

Hexagon AB is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications.

Buyer Business Description

MSC Software is a leading provider of computer-aided engineering (CAE), including simulation software technology that enables engineers to validate and optimize their designs using virtual prototypes.

For more information, see  Hexagon Press Release

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