MSC Software To Be Acquired by Hexagon for $834 Million
San Francisco – Paul Hastings LLP, a leading global law firm, announced today that the firm advised MSC Software and its majority stockholder Symphony Technology Group with respect to Hexagon AB’s agreement to acquire MSC for US$834M on a cash and debt free basis. MSC Software is a leading provider of computer-aided engineering (CAE) solutions, including simulation software for virtual product and manufacturing process development.
The transaction is subject to regulatory approvals and other customary conditions and is expected to close in April. It will be fully financed via bank facilities.
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