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Hexagon AB ( ($SE:HEXA.B) ) has shared an update.
Hexagon AB has announced the sale of its Design & Engineering business to Cadence Design Systems for 2.7 billion EUR. This divestiture aligns with Hexagon’s strategy to streamline its portfolio and focus on core business areas, enhancing financial flexibility. The transaction will allow Hexagon to concentrate on its strengths in sensor and software solutions, while Cadence will benefit from the integration of D&E’s offerings into its Multiphysics System Analysis business. The sale is expected to close in early 2026, with proceeds used for corporate purposes and potential future acquisitions.
The most recent analyst rating on ($SE:HEXA.B) stock is a Hold with a SEK111.00 price target. To see the full list of analyst forecasts on Hexagon AB stock, see the SE:HEXA.B Stock Forecast page.
More about Hexagon AB
Hexagon AB operates in the technology industry, focusing on the capture, measurement, and use of real-world data. The company is known for its sensor and software solutions, particularly in the areas of computer-aided engineering and simulation software.
Average Trading Volume: 3,170,983
Technical Sentiment Signal: Hold
Current Market Cap: SEK273B
For a thorough assessment of HEXA.B stock, go to TipRanks’ Stock Analysis page.