PR Newswire
NACKA STRAND, Sweden, April 26, 2017
NACKA STRAND, Sweden, April 26, 2017 /PRNewswire/ --
Hexagon AB, a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, today announced the completion of the previously announced acquisition of MSC Software ("MSC"), a US-based leading provider of computer-aided engineering (CAE) solutions, including simulation software for virtual product and manufacturing process development. Completion of the transaction was subject to regulatory approvals and other customary conditions, which have now been obtained.
The acquisition strengthens Hexagon's ability to connect the traditionally separate stages of design and production – integrating real-world data generated on the production floor with simulation data to further improve a customer's ability to reveal and correct design limitations and production problems prior to manufacturing.
MSC has over 1,200 highly-skilled professionals in 20 countries. Its strong brand and reputation in industries such as automotive, aerospace and electronics spans more than 50 years.
MSC will be a fully owned subsidiary of Hexagon and operate under the division Manufacturing Intelligence.
Key Facts
For further information, please contact:
Maria Luthström
Investor Relations Manager
Hexagon AB
Tel: +46-8-601-26-27
email: ir@hexagon.com
Kristin Christensen
Chief Marketing Officer
Hexagon AB
Tel: +1-404-554-0972
email: media@hexagon.com
This information is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 26 April 2017.
This information was brought to you by Cision http://news.cision.com
http://news.cision.com/hexagon/r/completion-of-hexagon-s-acquisition-of-msc-software,c2250437
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SOURCE Hexagon
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