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Cadence acquires Hexagon's Engineering Business

RECENTLY ACQUIREDFeb 23, 2026

Acquiring Company

Cadence

Acquired Company

Hexagon AB

San JoseStockholmManufacturingInformation TechnologySoftwareMobileHealth CareInformation Technology

Description

Cadence has completed the acquisition of Hexagon AB's Design and Engineering business for approximately €2.7 billion. This acquisition will expand Cadence's System Design and Analysis portfolio and enhance its capabilities in physical AI. The transaction is expected to significantly contribute to Cadence's revenue and strategic goals moving forward.

Company Information

Company

Cadence

Location

2655 Seely Avenue

San Jose, California, United States

About

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’s Care in Sync™ platform couples powerful new technology with clinical excellence, providing its patients a precise and personal level of care through remote patient monitoring and virtual care. More information about the company can be found at www.cadence.care.

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Frequently asked

Who acquired Hexagon AB?

Hexagon 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 AB?

Cadence's acquisition of Hexagon AB was reported on February 23, 2026. Cadence has completed the acquisition of Hexagon AB's Design and Engineering business for approximately €2.7 billion. This acquisition will expand Cadence's System Design and Analysis portfolio and enhance its capabilities in physical AI. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hexagon AB do?

Select your preferred language from the list below. We will show you content in your preferred language when available, otherwise we will show English. Discover the latest stories in Reporter 91, Hexagon's magazine dedicated to geospatial data. It is privately held, operating in Information Technology, and is based in Stockholm.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.