Dec 2025
Industrial Software: Spotlight on Engineering, Design & Manufacturing Software – Winter 2025 Report
Industrial Software continues to be an incredibly compelling area for investment and M&A among key investors and strategics.
Learn more about our views in the space in our Winter 2025 Engineering, Design & Manufacturing (EDM) Report.
Key Highlights include:
- M&A Momentum: 125 M&A transactions and 105 growth equity investments through Q3 of 2025.
- Major Deals: Notable transactions include Cadence Design Systems’ announced acquisition of Hexagon’s Design & Engineering business, TPG’s announced acquisition of PTC’s industrial connectivity and Internet of Things (IoT) businesses and Siemens’ acquisition of Dotmatics.
- Market Trends: Rapid advances in AI-powered design, tighter connections between engineering and manufacturing, rising use of digital twins, and upgrades to older systems—all aimed at boosting efficiency, interoperability, and real-time teamwork across the industry.
- Public Valuations: Since the start of 2023, Lincoln’s Industrial Software (EDM) Public Index has increased ~34% through November 2025.
Summary
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Lincoln International is excited to share our Industrial Software Market Report Winter 2025, which provides valuable insights into the current trends and outlook of the industrial software sector.
To download your copy, complete the form below:
