Hexagon Said to Weigh Sale of MSC Simulation Software Business

Hexagon AB is considering a multibillion-dollar sale of its computer-aided engineering simulation software business, people familiar with the matter said, as part of the Swedish firm’s efforts to streamline its operations.

The Swedish firm has been speaking to advisers about the potential divestment of the unit, which was formerly known as MSC Software, said the people. The asset has drawn initial interest from other companies, the people said.

Deliberations are preliminary and Hexagon could decide against a sale, the people said, asking not to be identified as the information is private. A representative for Hexagon declined to comment.

The business ...