MSC Software Acquired For $834M

Newport Beach-based CAD/CAM software developer MSC Software is being acquired by Stockholm, Switzerland-based Hexagon AB, in a deal worth $834M, Hexagon announced this morning. MSC Software develops computer-aided engineering (CAE) software, including simulation software for virtual product and manufacturing process development. Hexagon said that MSC has over 1200 employees spread across 20 countries. MSC Software had been owned by private equity investors Elliott Associates and Symphony Technology Group, and the company had been looking for a buyer since at least early January.