Finance

Cadence Design to buy Hexagon's design and engineering unit for $3.16 billion

Published by Global Banking & Finance Review

Posted on September 4, 2025

1 min read

· Last updated: January 22, 2026

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Cadence Design to buy Hexagon's design and engineering unit for $3.16 billion
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(Reuters) -Cadence Design said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB for 2.7 billion euros ($3.16 billion). ($1 = 0.8542 euros) (Reporting by Juby

Cadence Design Acquires Hexagon's Engineering Unit for $3.16 Billion

Cadence Design's Strategic Acquisition

(Reuters) -Cadence Design said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB for 2.7 billion euros ($3.16 billion).

($1 = 0.8542 euros)

(Reporting by Juby Babu in Mexico City; Editing by Arun Koyyur)

Key Takeaways

  • Cadence Design is acquiring Hexagon's engineering unit.
  • The deal is valued at 2.7 billion euros or $3.16 billion.
  • This acquisition is part of Cadence's strategic expansion.
  • Hexagon AB is based in Stockholm.
  • The acquisition was reported by Reuters.

Frequently Asked Questions

What is an acquisition?
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
What is an investment?
An investment is an asset or item acquired with the goal of generating income or appreciation. Investments can include stocks, bonds, real estate, and more.
What is a financial service?
Financial services refer to the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money.

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