Bli medlem
Bli medlem

Du är här

2017-02-02

Hexagon: Hexagon enters into agreement to acquire MSC Software, a leading provider of CAE (simulation) software

Hexagon AB, a leading global provider of information technologies that
drive productivity and quality across geospatial and industrial
enterprise applications, today announced an agreement to acquire MSC
Software ("MSC"), a leading provider of computer-aided engineering
(CAE) solutions, including simulation software for virtual product
and manufacturing process development.

MSC's simulation analysis capabilities empower customers to optimise
design for production, ensuring downstream productivity, product
quality and durability. The acquisition strengthens Hexagon's ability
to connect the traditionally separate stages of design and production
- integrating real-world data generated on the production floor with
simulation data to further improve a customer's ability to reveal and
correct design limitations and production problems prior to
manufacturing.

"MSC represents a game changer in our mission to deliver actionable
manufacturing intelligence, taking us another step closer to
realizing our smart connected factory vision in discrete
manufacturing industries such as automotive and aerospace," said
Hexagon President and CEO Ola Rollén (https://twitter.com/olarollen).
"We can now leverage the data our MI division is generating to
improve design choices and processes upstream in the workflow. The
acquisition will also open up new markets and touchpoints for MSC via
our PPM division."

Headquartered in Newport Beach, CA, United States, MSC has over 1,200
highly-skilled professionals in 20 countries. Its strong brand and
reputation in industries such as automotive, aerospace and
electronics spans more than 50 years.

Key Facts

· Purchase price of 834 MUSD on a cash and debt free basis
(Enterprise Value)

· In 2016 MSC generated proforma sales of 230 MUSD, with strong
profitability and a high percentage of recurring revenue

· The acquisition will further strengthen Hexagon's smart connected
factory strategy to deliver enterprise solutions within manufacturing
verticals

· The transaction will be fully financed via bank facilities and
Hexagon's net debt to EBITDA target of 2.5 will not be exceeded

· Completion of the transaction (closing) is subject to regulatory
approvals and other customary conditions which is expected in April

· Non-cash PPA adjustments (Purchase Price Allocations) of
approximately 10 MEUR related to impairment of overlapping
technologies and approximately 20-30 MEUR related to a revenue
recognition adjustment of deferred revenue (haircut) will impact the
income statement during 2017

· Cash transaction costs will amount to approximately 2 MEUR
· MSC will be accretive to Hexagon's earnings as of closing
For further information, please contact:

Maria Luthström, Investor Relations Manager, Hexagon AB, +46 8 601 26
27, ir@hexagon.com

Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554
0972, media@hexagon.com

This information is information that Hexagon AB is obliged to make
public pursuant to the EU Market Abuse Regulation. The information
was submitted for publication, through the agency of the contact
person set out above, at 08:00 CET on 2 February 2017.

Hexagon is a leading global provider of information technologies that
drive productivity and quality across geospatial and industrial
enterprise applications. Hexagon's solutions integrate sensors,
software, domain knowledge and customer workflows into intelligent
information ecosystems that deliver actionable information. They are
used in a broad range of vital industries. Hexagon (Nasdaq Stockholm:
HEXA B) has more than 16,000 employees in 46 countries and net sales
of approximately 3.0bn EUR. Learn more at hexagon.com
(http://www.hexagon.com/) and follow us @HexagonAB.

-----------------------------------------------------------
http://news.cision.com/hexagon/r/hexagon-enters-into-agreement-to-acquir...
http://mb.cision.com/Main/387/2178964/622698.pdf

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.