Siemens aims to expand its software operations by buying the semiconductor design tool firm
Siemens has acquired Oregon-based Mentor Graphics, which makes tools for designing semiconductors, as the German engineering giant looks to expand its software operations.
The $4.5 billion £3.6bn cash deal follows Siemens purchase earlier this year of CD-adapco, a privately held US engineering software firm, for nearly $1bn.
The buy will complement our strong offering in mechanics and software with design, test and simulation of electrical and electronic systems , said Siemens management board member Klaus Helmrich.
Mentor makes design automation software for semiconductors including integrated circuit and system-on-chip designs and automotive electronics.
As of the end of January 2016 the company had more than 5,700 staff in 32 countries and revenues of about $1.2bn, according to regulatory filings.