What Romax Technology does

Romax Technology is a UK-headquartered engineering software and services firm founded in 1989 in Nottingham, specializing in gearbox and drivetrain design, testing, and monitoring. The company provides Computer Aided Engineering (CAE) software focused on structural mechanics and virtual manufacturing, with proprietary non-linear solvers and integration workflows that allow customers to simulate drivetrain performance and validate designs virtually. Romax operates as an acquired brand within Hexagon AB's Design & Engineering (D&E) business, alongside MSC Software, AMendate, CADLM, and CAEfatigue, serving a horizontal base of engineering simulation users across a wide array of industries.

The company's business model centers on selling specialized CAE software and engineering services to industrial and mobility customers who require accurate simulation of drivetrain components; pricing is not publicly disclosed and the firm does not expose a public API or SDK. Romax's revenue is bundled within Hexagon's D&E segment, which contributed approximately 265 MEUR to Hexagon's 2024 revenues across the entire portfolio of acquired brands. Romax itself had previously raised growth capital from Eight Roads Ventures in 2012 before its 2020 acquisition by Hexagon.

Romax is currently in a transitional ownership position: in September 2025, Hexagon announced the sale of its entire Design & Engineering business, including Romax, to Cadence Design Systems for approximately 2.7 billion EUR (30% in Cadence stock, balance in cash), with closing expected in Q1 2026. Upon close, Romax will move from a Hexagon-owned diversified industrial technology conglomerate to Cadence's electronic design automation platform, materially changing its distribution surface, partner ecosystem, and likely its go-to-market motion.

Name

Romax Technology

Legal name

Romax Technology Limited

Website

https://romaxtech.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

251–500 employees

Short description

Romax Technology is a UK-based engineering software and services firm specializing in gearbox and drivetrain design, testing, and CAE simulation. Founded in 1989, it operates as part of Hexagon's Design & Engineering business and is being sold to Cadence Design Systems in a 2.7bn EUR deal closing Q1 2026.

Ownership category

akta.pro rank

Product category

Computer Aided Engineering (CAE) Software

NAICS

Computer Systems Design Services (541512), Engineering Services (541330)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Systems Engineering & Technical Program Management (BPAHAIAI)

Keywords

• CAE software
• Structural mechanics simulation
• Drivetrain engineering
• Gearbox design software
• Virtual manufacturing analysis

Headquarters

HQ city

Nottingham

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Core offering

Romax Technology provides Computer Aided Engineering (CAE) software focused on structural mechanics analysis and virtual manufacturing. Its portfolio includes highly accurate, fast non-line

Product overview

Romax Technology operates as an acquired brand within Hexagon's Design & Engineering (D&E) business, which was a leading provider of Computer Aided Engineering (CAE) software. The D&E portfolio includes MSC Software (acquired in 2017) and subsequent acquisitions including AMendate (2019), Romax (2020), CADLM (2020), and CAEfatigue (2020). As part of Hexagon's D&E, Romax contributed to providing highly accurate, fast, non-linear solvers and easy integration to support customer workflows across a wide array of industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Romax Technology CAE Software Computer Aided Engineering software focused on structural mechanics analysis and virtual manufacturing, providing highly accurate, fast non-linear solvers and easy integration workflows for engineering teams across multiple industries.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Cadence Design SystemsmajorStrategic or Co-development Partner · 4 September 2025Hexagon announced agreement to sell its Design & Engineering business (which includes Romax) to Cadence for approximately 2.7bn EUR. This transaction represents a major strategic transition for Romax as part of broader portfolio changes, with 30% consideration paid through Cadence stock and remainder in cash. Transaction expected to close Q1 2026.

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Altair Engineering: Altair provides broad CAE solutions including OptiStruct for structural analysis and a hyperWorks-based simulation suite that competes with Romax's structural-mechanics solvers across mechanical and power-transmission customers.
• ANSYS: ANSYS is the dominant general-purpose CAE platform covering structural, thermal, and multi-physics simulation, competing with Romax at the solver level while serving a much broader engineering user base.
• Siemens Digital Industries Software (Simcenter): Siemens Simcenter offers structural, NVH, and system simulation tightly integrated with its broader PLM portfolio, competing head-on with Romax on drivetrain durability and structural analysis workflows.
• Dassault Systèmes (SIMULIA): Dassault's SIMULIA brand delivers Abaqus-based structural and multi-physics simulation, the most direct large-platform competitor to Romax's non-linear structural solvers across drivetrain, durability, and virtual manufacturing use cases.

Others

• Hexagon Manufacturing Intelligence: Hexagon MI provides metrology, CAE, and virtual-manufacturing tooling across the same industrial customer base as Romax, overlapping through shared CAE-software and digital-twin initiatives inside the same corporate parent.

Direct peers

• Gamma Technologies (GT-SUITE): Gamma Technologies' GT-SUITE is a leader in multi-physics system simulation for powertrains, transmissions, and e-drives, competing with Romax on drivetrain and gearbox design, testing, and monitoring workflows.
• Hexagon Design & Engineering (CAEfatigue): CAEfatigue is a fatigue and durability simulation specialist within the same Hexagon D&E portfolio as Romax, sharing customers in drivetrain NVH, fatigue, and structural validation of rotating equipment.
• MSC Software: MSC Software is the structural-mechanics and explicit CAE backbone of the same Hexagon Design & Engineering portfolio that includes Romax, sharing integrated solver-centric workflows for virtual manufacturing and structural simulation.
• KISSsoft: KISSsoft specializes in machine-element and gear design calculations, the closest direct competitor to Romax in gearbox engineering, with overlapping methods for sizing, rating, and validating drivetrain components.

Emerging players

• Ricardo: Ricardo combines engineering services and simulation IP for transmissions, e-powertrains, and drivetrains, overlapping with Romax on a customer-segment basis even though its business model is heavier on consulting services.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/romaxtechnology

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Romax Technology