Cadence Design Systems Acquires Hexagon Smart Solutions' Design and Engineering Business
Acquiring Company
Cadence
Acquired Company
Hexagon Smart Solutions AB
San Jose
SwedenManufacturingInformation TechnologySoftwareInformation TechnologySoftwareDescription
On February 23, 2026, Cadence Design Systems, Inc. announced the consummation of its Acquisition of Hexagon Smart Solutions AB's design and engineering business. As part of this transaction, Cadence issued 3,224,473 shares of common stock to Hexagon as partial consideration. This strategic acquisition aims to enhance Cadence's offerings and strengthen its position in the electronic design automation market. The agreement was originally established on September 4, 2025.
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Based on deal dataFrequently asked
Who acquired Hexagon Smart Solutions AB?
Hexagon Smart Solutions AB was acquired by Cadence, based in San Jose. The deal was reported on February 23, 2026. Cadence is a pioneering health technology company helping the nation’s most patient-centric health systems deliver world-class care outside of the four walls of the hospital. Cadence is privately held and operates in Manufacturing.
When did Cadence acquire Hexagon Smart Solutions AB?
Cadence's acquisition of Hexagon Smart Solutions AB was reported on February 23, 2026. On February 23, 2026, Cadence Design Systems, Inc. announced the consummation of its Acquisition of Hexagon Smart Solutions AB's design and engineering business. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Hexagon Smart Solutions AB do?
Hexagon Smart Solutions AB is a Swedish private limited liability company specializing in design and engineering solutions. The company focuses on providing advanced technologies to enhance engineering processes across various industries. It is privately held, operating in Information Technology, and is based in Sweden.
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