Hexagon adds MSC to its stable, for $834 million

Hexagon adds MSC to its stable, for $834 million

Now we know. The sale of MSC Software has been rumored for a while but always seemed to mention financial buyers. It turns out that a strategic buyer has stepped up — and I think it’s a perfect match. First, the background: Hexagon AB, for those who...
Sallinger of PPM, another long-time PLMish CEO, steps aside

Sallinger of PPM, another long-time PLMish CEO, steps aside

Hexagon today announced that Mattias Stenberg has taken over as President of the Process, Power & Marine (PPM) business, succeeding Gerhard Sallinger, who has been appointed Senior Vice President of Strategic Alliances for Hexagon. Mr. Sallinger, who has been with...
Quickie: Ola Rollén back as CEO of Hexagon

Quickie: Ola Rollén back as CEO of Hexagon

After being detained for over a week on suspicion of insider trading, Hexagon CEO Ola Rollén has resumed his official duties and started making a public case for his innocence. During a conference call today, Mr. Rollén explained that he does a lot of investing...
Quickie: Hexagon CEO investigated for insider trading

Quickie: Hexagon CEO investigated for insider trading

Let’s not make more of this than we know, which isn’t much; Hexagon CEO Ola Rollén has been detained while under investigation for insider trading stemming from his personal investment process. Hexagon says that Mr. Rollén’s lawyers believe that “the...
Hexagon acquisition boosts construction accountability

Hexagon acquisition boosts construction accountability

Dire reports about poor productivity on construction sites (plus, to be honest, the public perception that most workers are just standing around) means that this is an industry ripe for PLMization. Bentley, Trimble and Autodesk have been selling technology to this...
Deal and … maybe deal

Deal and … maybe deal

What happens when I spend the day on a plane? News! Briefly, AVEVA and Schneider Electric have resumed their tango. AVEVA today addressed press speculation by issuing an announcement that it was again in talks with Schneider Electric about a deal that would combine...
Quickies: OnShape, Bentley, Hexagon and PP&M — oh my!

Quickies: OnShape, Bentley, Hexagon and PP&M — oh my!

So much news, so little time. A quick roundup of interesting news: A couple of weeks ago, OnShape reported that it has now sold shares valued at a total of $105 million, an increase of $25 million from last year’s announcement. By my reckoning, this...
Aconex & Hexagon acquisitions keep up the pace in AEC

Aconex & Hexagon acquisitions keep up the pace in AEC

The world of engineering software had blistering pace of acquisitions at the start of the year, slowed a bit but seems to be picking up steam again. Two came across the wires in the last few days: First, Aconex announced that it is acquiring Conject for €65 million....
Hexagon’s Q3 shows acceleration

Hexagon’s Q3 shows acceleration

Hexagon, the parent company of brands such as Intergraph, Leica and Vero, just announced that total reported revenue was up 14% in Q3 to €742 million; on an organic and constant currency basis, revenue was up 6%. In prepared remarks, CEO Ola Rollén said that Q3 showed...