Cadence Design Systems Announces Acquisition of Hexagon Smart Solutions' Design and Engineering Business

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announced the entry into an Equity Purchase Agreement with Hexagon Smart Solutions AB to acquire its design and engineering business for an enterprise value of €2.70 billion. The purchase price will be paid through a combination of cash and newly issued shares of Cadence's common stock. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals and other customary conditions.

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About Cadence Design Systems Inc.

Cadence Design Systems Inc. is a pivotal entity within the technology sector, specializing in electronic design automation (EDA) software and engineering services. Its software suite underpins the design process of integrated circuits (ICs) and electronic systems, streamlining tasks related to simulation, verification, and synthesis. A crucial tool for semiconductor companies, Cadence's products facilitate the creation of advanced electronic chips and devices, impacting industries such as telecommunications, consumer electronics, and automotive. As a key player in the semiconductor industry’s supply chain, Cadence has positioned itself as a leader in delivering cutting-edge design solutions that drive innovation and efficiency. By enabling rapid advancements in chip design, Cadence plays a vital role in propelling technological progress across various sectors.