February 2, 2017 – MSC Software Corporation has announced that it has reached an agreement to be bought by Hexagon AB. The acquisition is subject to clearance and standard regulatory filings and is expected to be complete in April 2017.
Under the terms of the agreement, MSC will continue to run as an independent business unit within Hexagon’s Manufacturing Intelligence (MI) division. MI’s main businesses are in the automotive, aerospace, machinery, consumer electronics and other discrete manufacturing markets, and the company is increasingly focused on offering end-to-end solutions in these workflows. Process-oriented solutions are essential for manufacturers, and according to MSC, its solutions address key design and engineering processes.
“Our mission continues to be laser-focused on driving leadership in simulation tools, with solutions from materials to systems, said Dominic Gallello, president & CEO of MSC Software. “We will continue to work toward delivering breakthrough value to our customers. Although our mission and roadmap does not change, we anticipate that our ability to offer additional process-oriented solutions from design to manufacturing will be enhanced by joining forces with Hexagon.”
“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,” added Hexagon president and CEO, Ola Rollén. “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 Process, Power & Marine division.”
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