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Siemens Boosts Software Operations With £3.6bn Mentor Graphics Buy

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John Robidoux
Nov 14, 2016 11:10
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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.

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John Robidoux
Nov 14, 2016 11:10
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