Cadence Design to acquire Hexagon's D&E unit for $3.16B, expanding customer base in aerospace and automotive sectors

Cadence Design to buy Hexagon's design and engineering unit for $3.16 billion

The logo of Cadence Design Systems is pictured outside the company's offices in San Jose, California, U.S., January 31, 2020. REUTERS/Stephen Nellis/File Photo Purchase Licensing Rights, opens new tabCompaniesSept 4 (Reuters) - Cadence Design (CDNS.O), opens new tab said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB (HEXAb.ST), opens new tab for 2.7 billion euros ($3.16 billion), to expand its customer base and scale up its product portfolio.The U.S. c...