STOCKHOLM, Sweden, Feb 23, 2026 – Hexagon AB has completed the previously announced sale of its Design & Engineering business (D&E) to Cadence Design Systems for approx. 2.7 billion EUR in cash and Cadence stock.
The transaction aligns with Hexagon’s portfolio strategy to focus on its precision measurement, positioning and robotics businesses, including related software. The divestiture narrows the company’s technology portfolio following the sale.
Hexagon plans to use the proceeds for general corporate purposes, including potential debt reduction and future acquisitions aligned with long-term growth strategies at Hexagon and Octave. If approved, Octave remains on track for separation in the first half of 2026.
In 2024, D&E generated approximately 265 MEUR in revenue within Hexagon’s Manufacturing Intelligence business area and operated at a profitability level above the group average.
Source: Hexagon
About Hexagon
Hexagon AB, founded in 1975 and headquartered in Stockholm, Sweden, provides digital reality solutions by integrating sensors, software and autonomous technologies. Its products and services are used across sectors including manufacturing, construction, mining, agriculture, aerospace, automotive and defense. Core offerings include reality capture, intelligent positioning systems, industrial design and situational intelligence tools. The company has pursued a growth strategy through acquisition, completing more than 170 acquisitions since 2000. The company employed approx. 25,000 people across 50 countries. The company continues to expand its global customer base, focusing on innovation and digital transformation.
About Cadence
Cadence Design Systems, Inc. is a U.S.-based technology firm that develops electronic design automation (EDA) tools, hardware, and IP for designing integrated circuits and electronic systems. Formed in 1988 through the merger of SDA Systems and ECAD, the company is headquartered in San Jose, CA. Cadence provides software and solutions for designing SoCs, PCBs, and complete electronic systems used in the semiconductor, automotive, aerospace and defense, telecommunications, and consumer electronics industries. Its tools support both digital and analog design workflows. As of 2024, Cadence employed about 12,000 people globally. The company’s technology supports the design, verification, and optimization of complex electronics across various industries.