TA Associates is set to exit its investment in Rocscience, selling the geotechnical software provider to Hexagon for approximately $535 million. Rocscience, founded by Dr John Curran at the University of Toronto in 1996, specializes in 2D and 3D modeling software for rock, soil, and structural engineering. Under TA's ownership since June 2023, the firm scaled operations, broadened its product suite through six strategic acquisitions including DIANA FEA and Aquanty, and invested in AI-enabled development, including a natural-language interface.
For Hexagon, the acquisition adds modeling capabilities to its existing monitoring business within the Radar & Infrastructure divisions. Dr Thamer Yacoub, Rocscience's chief executive, stated the combination will give engineers a more complete view of ground and structural risk. The transaction remains subject to customary closing conditions and is expected to complete in the fourth quarter of 2026.
Source: PE Insights · Summarized by HeadlinesBriefing