TA Associates has announced that its portfolio company Rocscience, a global leader in geotechnical and engineering software solutions, has agreed to be acquired by Hexagon AB at an enterprise value of approximately US$535 million. The agreement represents a full exit for TA, which first invested in Rocscience in June 2023. Once the transaction is completed, Rocscience will become part of the Radar & Monitoring Division within Hexagon's Infrastructure & Geospatial Business Area.
Transaction Overview
The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Lazard served as financial advisor to TA, and Kirkland & Ellis served as legal counsel. The sale marks a significant liquidity event for TA and a strategic expansion for Hexagon in the infrastructure and industrial software market.
Company Background
Founded in 1996 by Dr. John Curran at the University of Toronto, Rocscience develops 2D and 3D software that helps engineers model how rock, soil, and structures will behave. Its applications support safer design and decision-making across mining, civil, and structural engineering projects. The company serves thousands of users worldwide and maintains a strong reputation for customer support and product development.
Growth Under TA Ownership
TA became Rocscience's first institutional investor in June 2023, partnering with Dr. Curran, CEO and President Dr. Thamer Yacoub, and the broader team to accelerate long-term growth. During TA's investment period, Rocscience invested in operations, go-to-market initiatives, and product suite enhancements. These efforts helped position the company for a larger role in adjacent market categories.
Acquisitions and AI Innovation
Rocscience extended its reach through the acquisitions of DIANA FEA, 3GSM, DEEPSOIL, 2SI, Rockfield, and Aquanty. The company also invested in AI-enabled product innovation, including a natural-language interface that makes engineering modeling and analysis more accessible and efficient. These combined moves significantly broadened Rocscience's value proposition across geotechnical, structural, and mining engineering workflows.
Strategic Rationale
Upon closing, Rocscience will become part of the Radar & Monitoring Division within Hexagon's Infrastructure & Geospatial Business Area. The combination of Rocscience's model technology with Hexagon's radar monitoring solutions is designed to help customers detect emerging risks earlier and intervene faster. It is also expected to reduce analysis time and improve safety and productivity.
Customer and Market Impact
For customers, the integration is expected to create a more complete view of ground and structural risk by connecting modeling software with live monitoring data. Engineers can move from static analysis to a continuous risk picture that supports faster, better informed decisions. This alignment addresses growing demand for safer and more productive infrastructure, mining, and civil engineering projects.
Leadership Commentary
TA Director Nicholas Leppla said the company had built a special product loved by engineers around the world and that TA was proud to support its scaling. Dr. Thamer Yacoub described TA as an exceptional partner and said joining Hexagon will connect modeling and analysis software with real-world monitoring data. Founder Dr. John Curran added that the team's expertise and dedication enabled the company's growth and expressed excitement about the next chapter.
The transaction positions Rocscience to broaden its impact by linking geotechnical modeling with live monitoring capabilities under Hexagon's global infrastructure platform. For TA, the sale demonstrates the value created through a focused partnership over roughly three years. The expected closing in late 2026 is poised to deliver an expanded platform for engineers seeking greater confidence, speed, and insight in managing ground and structural risk.