Mumbai, Feb. 24 -- Cadence Design Systems, Inc. has finalised its acquisition of Hexagon AB's Design and Engineering (D&E) business. The EUR 2.7 billion transaction was funded through 70 percent cash and 30 percent Cadence common stock.

The acquisition incorporates Hexagon D&E's MSC Software solutions, including MSC Nastran and Adams, into the Cadence System Design and Analysis (SDA) portfolio. The integration combines structural analysis, acoustics and multibody dynamics with Cadence's existing technologies in electronics, computational fluid dynamics (CFD) and BETA CAE structural processing.

Cadence aims to utilise the combined portfolio to address the Physical AI market. By coupling physics-based simulation with AI design tools, the ...