Published by Global Banking & Finance Review®
Posted on September 4, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleCadence Design is acquiring Hexagon's engineering unit for $3.16 billion, marking a strategic expansion in the design and engineering sector.
(Reuters) -Cadence Design said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB for 2.7 billion euros ($3.16 billion).
($1 = 0.8542 euros)
(Reporting by Juby Babu in Mexico City; Editing by Arun Koyyur)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
An investment is an asset or item acquired with the goal of generating income or appreciation. Investments can include stocks, bonds, real estate, and more.
Financial services refer to the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money.
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