Cadence Design, a leader in computational software and intelligent system design solutions, has acquired Hexagon AB for an undisclosed amount. This corporate acquisition sees Cadence expanding its capabilities by integrating Hexagon, a global leader in measurement technologies that define the future of vital industries. Hexagon specializes in bridging the physical and digital worlds with cutting-edge metrology, reality capture, and positioning solutions, improving productivity, quality, safety, and sustainability across sectors such as aerospace, agriculture, automotive, construction, manufacturing, and mining.
Hexagon’s advanced technologies focus on capturing, creating, immersing, and activating data, underpinned by innovations in robotics, artificial intelligence, and digital twins. The company's solutions are foundational for industries requiring high precision, from micron-level measurements to large-scale infrastructure projects. By integrating Hexagon’s expertise, Cadence aims to strengthen its holistic approach to product development and operational efficiency.
The acquisition is strategically designed to create significant synergies. Cadence’s robust computational software and design platforms will merge with Hexagon’s capabilities in real-world data capture and precise physical measurement. This combination is expected to enhance offerings across the entire product lifecycle, from initial design and simulation to manufacturing, validation, and operational deployment. It will allow for more seamless integration between the digital design environment and physical production processes, enabling advanced digital twin creation and more intelligent automation solutions.
This strategic move is set to accelerate innovation in areas like smart manufacturing, industrial IoT, and the development of truly autonomous systems. The combined entity is poised to offer a comprehensive suite of solutions that empower industries to achieve greater levels of precision, efficiency, and sustainability, driving digital transformation through a more complete physical-to-digital workflow.