Hexagon is to acquire MSC Software, a provider of computer-aided engineering (CAE) solutions – including simulation software for virtual product and manufacturing process development – for $834m.
According to Hexagon, a Swedish company focused on precision measuring technologies, MSC’s simulation analysis capabilities allow customers to optimise design for production.
The acquisition is expected to strengthen Hexagon’s ability to unify design and production by integrating data generated on the production floor with simulation data. This will then give customers the ability to rectify design limitations and production problems prior to manufacturing.
In a statement, Ola Rollén, Hexagon president and CEO said: “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.
“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, California, MSC employs over 1,200 staff in 20 countries.