Noteworthy Work, Press Release
K&L Gates Advises Hexagon AB on Pending Acquisition of MSC Software Corporation
13 February 2017
Charlotte - Global law firm K&L Gates LLP has advised Hexagon AB (NASDAQ Stockholm: HEXA B), a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, on the purchase of MSC Software Corporation (“MSC”) for US$834 million. MSC is a leading provider of computer-aided engineering solutions, including simulation software for virtual product and manufacturing process development.
MSC simulation software enables customers in manufacturing industries, such as automotive and aerospace, to optimize designs for production, quality, and durability. The acquisition will further expand Hexagon’s manufacturing intelligence. The deal is expected to be complete in April 2017, pending regulatory approval and satisfaction of certain other customary closing conditions.
K&L Gates’ cross-practice, cross-office team on the deal was led by corporate partners Kevin Stichter (Charlotte) and John Blair (Charlotte), supported by corporate partner Lisa Stark (Wilmington); intellectual property partner James Fajkowski (Boston); labor and employment partner David Lindsay (Raleigh); antitrust partner Brian McCalmon (Washington, D.C.); employee benefits partner Jim Earle (Charlotte); international trade partner Steven Hill (Washington, D.C.); tax partner Jared Mobley (Charlotte); and real estate partner Peter McLean (Charlotte).
Providing further assistance were technology transactions counsel Brian Phillips (Raleigh); labor and employment counsel Bridget Blinn-Spears (Raleigh); antitrust staff lawyer Ken Knox (Washington, D.C.); employee benefits associates Richard Nettles (Washington, D.C.) and Tim Palmer (Charlotte); international trade associate Erica Bakies (Washington, D.C.); tax associate Erica Messimer (Charlotte); real estate associate Peter Reinsel (Charlotte); and corporate associates Aaron Rothman (Charlotte), Hillary Dawe (Charlotte), Maggie Dickens (Charlotte), and Richard Doelling (Charleston).
MSC simulation software enables customers in manufacturing industries, such as automotive and aerospace, to optimize designs for production, quality, and durability. The acquisition will further expand Hexagon’s manufacturing intelligence. The deal is expected to be complete in April 2017, pending regulatory approval and satisfaction of certain other customary closing conditions.
K&L Gates’ cross-practice, cross-office team on the deal was led by corporate partners Kevin Stichter (Charlotte) and John Blair (Charlotte), supported by corporate partner Lisa Stark (Wilmington); intellectual property partner James Fajkowski (Boston); labor and employment partner David Lindsay (Raleigh); antitrust partner Brian McCalmon (Washington, D.C.); employee benefits partner Jim Earle (Charlotte); international trade partner Steven Hill (Washington, D.C.); tax partner Jared Mobley (Charlotte); and real estate partner Peter McLean (Charlotte).
Providing further assistance were technology transactions counsel Brian Phillips (Raleigh); labor and employment counsel Bridget Blinn-Spears (Raleigh); antitrust staff lawyer Ken Knox (Washington, D.C.); employee benefits associates Richard Nettles (Washington, D.C.) and Tim Palmer (Charlotte); international trade associate Erica Bakies (Washington, D.C.); tax associate Erica Messimer (Charlotte); real estate associate Peter Reinsel (Charlotte); and corporate associates Aaron Rothman (Charlotte), Hillary Dawe (Charlotte), Maggie Dickens (Charlotte), and Richard Doelling (Charleston).
K&L Gates comprises approximately 2,000 lawyers globally who practice in fully integrated offices located on five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.
