The acquisition was the second largest in Hexagon history the company acquired Intergraph for $1.2 billion in 2010. By comparison, rival CAE firm Ansys revenue in 2015 was $944 million, more than 4x the size of MSC’s revenue. In 2016 MSC Software revenue was $230 million, putting the purchase price at 3.6x revenue. The deal includes non-cash adjustments (a “haircut” in Wall Street slang) to the purchase price of approximately €40 million, which will impact the MSC income statement in 2017. MSC is one of three companies which continue to market software directly based on the Nastran code the others are Siemens PLM and NEI Software. The company participated in a NASA project that led to the creation of a general purpose structural analysis program, Nastran. MSC Software was founded as MacNeil-Schwendler Corporation in 1963 by Dr. MSC Software simulation and analysis tools are used in a wide array of engineering services. The purchase price is $834 million on “a cash and debt free basis,” according to a Hexagon statement. MSC revenue in 2016 was below 2009 revenue.Įngineering software and services conglomerate Hexagon AB today announced it will acquire MSC Software, an industry pioneer in computer-aided engineering (CAE) software.

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