This week MSC Software Corporation, the company that brought you such products as Nastran, Patran, Marc, and Apex, announced that it had reached an agreement to be purchased by Hexagon AB for $834 million cash. Like all corporate acquisitions, this one is subject to clearance and standard regulatory filings, and is expected to be completed in April. For more than 50 years MSC has been a leading provider of CAE solutions, primarily simulation software for virtual product and manufacturing process development, and was one of the first 10 commercial software companies.
With 2016 proforma sales of $230, MSC will continue to run as an independent business unit within Hexagon’s Manufacturing Intelligence (HMI) division. HMI’s main businesses are in the automotive, aerospace, machinery, consumer electronics, and other discrete manufacturing markets. Process-oriented solutions are essential for manufacturers, and MSC’s products address key design and engineering processes for CAE.