October 01st, 2023
SIEMENS ACQUIRES MENTOR GRAPHICS FOR $4.5 BILLION
With the recent closing of its acquisition of electronic design automation (EDA) software leader, Mentor Graphics Corporation Siemens sets out to underscore the significant customer value it envisions for both Electronic Systems and Integrated Circuit (IC) design tools. Based in Wilsonville, Oregon, Mentor is now part of Siemens’ product lifecycle management (PLM) software business, making the combined organization the world’s leading supplier of industrial software used for product design, simulation, verification, testing and manufacturing. With approximately $10 billion in investments in multiple software companies since 2007, Siemens has made a significant push into the software space with acquisitions including UGS, LMS, Camstar, Polarion, and CD-adapco. Now, with the acquisition of Mentor, Siemens will continue its proven track record of effectively merging new organizations and technology into the industry’s leading Digital Enterprise Suite. This comprehensive suite helps customers create the industry’s most holistic and precise digital twins of their products and production lines. (Source: Siemens)
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