Hexagon AB has made a sale of its Design & Engineering business to Cadence Design Systems, Inc. for an aggregate purchase price of approximately €2.7 billion in cash and Cadence stock.

JSA Advocates & Solicitors advised Hexagon AB on this transaction.

The transaction team was led by Sidharrth Shankar (Partner), with support from Nandini Seth (Partner), Dhruv Malhotra (Partner), Eksha Narayan (Senior Associate) and Aditya Sinha (Associate).

The D&E Business of Hexagon AB is a leading provider of mission-critical computer-aided engineering (CAE) software solutions and has, over time, successfully transitioned to a subscription-based business model.

Cadence Design Systems, Inc. is a market leader in artificial intelligence and computational software, pioneering the application of advanced technologies to accelerate innovation in engineering design, from silicon to complete systems.

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