Cadence Design Systems Acquires Hexagon Smart Solutions' Design and Engineering Business
Acquiring Company
Cadence
Acquired Company
Hexagon Smart Solutions AB
San Jose
SwedenManufacturingInformation TechnologySoftwareMobileHealth CareInformation 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.
Quick answer
Cadence is acquiring Hexagon Smart Solutions AB, announced February 23, 2026. Cadence is based in San Jose, California, United States.
- How much did Cadence pay for Hexagon Smart Solutions AB?
- The deal value was not disclosed.
- What does Cadence do?
- 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.
- Where are Cadence and Hexagon Smart Solutions AB based?
- Cadence is based in San Jose, California, United States. Hexagon Smart Solutions AB is based in Sweden.
- Who are the decision-makers at Cadence?
- Fundz holds 3 contacts at Cadence. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Mobile and Manufacturing
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Danaher acquires Masimo for $9.9 billion, $9.9B (February 18, 2026)
- Oury Medical acquires Céfiméca for growth strategy (April 6, 2026)
- Concrete Pumping Holdings, Inc. Completes Acquisition of Templant Hire Limited (April 1, 2026)
- Crane NXT acquires Antares Vision for technology expansion (April 1, 2026)
- CORONA Remedies acquires Wokadine® brand from Dr. Reddy's (March 31, 2026)
- Embecta to acquire Owen Mumford Holdings Limited (March 19, 2026)
Who to call at Cadence, and when
When Cadence changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Cadence raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Cadence, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Cadence. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Cadence makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Frequently 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.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.