Cadence Design Systems to spend $3.2B on Hexagon’s simulations tech

This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Dive Brief:  Chip design software maker Cadence Design Systems has agreed to acquire the design and engineering business of Hexagon, a Stockholm-based industrial technology firm, for roughly $3.18 billion in cash and stock. The deal, if approved by regulators, would expand Cadence’s portfolio to include multiphysics simulation software used widely acros ...