TA Associates

Stories

Hexagon to acquire Rocscience, linking live ground monitoring to engineering simulation

Selling its full stake in Rocscience

Hexagon AB agreed on October 9 to buy Rocscience, a Toronto maker of geotechnical engineering software, for $535 million. The seller is TA Associates together with Rocscience's founders and management. The price is about 10 times expected 2026 revenue of just under $50 million, and closing is due in the fourth quarter of 2026.

Updated Oct 29

GE HealthCare assembles cloud imaging empire with string of billion-dollar acquisitions

Money Moves

As of May 2026: Former majority owner of Intelerad — exited via sale to GE HealthCare

GE HealthCare has spent more than $2.5 billion on imaging software acquisitions in the three years since becoming an independent company — and the largest piece just fell into place. On March 18, the company completed its $2.3 billion purchase of Intelerad, a Montreal-based firm whose cloud software manages roughly 80 billion medical images across 2,500 healthcare organizations. Intelerad's strength in outpatient clinics and ambulatory care fills a gap in GE HealthCare's portfolio, which has historically centered on hospital-based imaging hardware like MRI and CT scanners.

Updated May 30