Hexagon, a provider of IT services that drive productivity for geospatial and industrial enterprise applications, has reached an agreement to acquire MSC Software. The acquisition is subject to clearance and standard regulatory filings and is expected to be complete in April.
MSC will continue to run as an independent business unit within Hexagon's Manufacturing Intelligence (MI) division. The MI division’s main businesses are in the automotive, aerospace, machinery, consumer electronics, and other discrete manufacturing markets, and are increasingly focused on offering end-to-end solutions.
‘Our mission continues to be laser-focused on driving leadership in simulation tools, with solutions from materials to systems,' said Dominic Gallello, president, and 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 realising our smart connected factory vision in discrete manufacturing industries such as automotive and aerospace,’ said 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 and marine division.’