Hexagon to buy geotechnical software maker Rocscience for $535M

Hexagon agreed to acquire Toronto-based Rocscience from TA Associates, founders and management at a $535M enterprise value, adding rock and soil simulation software to its monitoring business. (Hexagon press release (Cision PDF); TA Associates newsroom; Placera (release mirror); AEC Magazine)

Rocscience expects 2026 revenue near $50M, with recurring revenue above 80%. It will join Hexagon's Radar & Monitoring Division; closing is expected in Q4 2026. TA Associates fully exits; Lazard and Kirkland & Ellis advised TA. (Hexagon press release (Cision PDF); TA Associates newsroom; Placera (release mirror); AEC Magazine)