Date: 16/11/2016
Siemens to acquire Mentor Graphics and Samsung to acquire Harman
Industrial systems supplier Siemens getting back into IC/semiconductor market by agreeing to acquire EDA vendor Mentor Graphics. Siemens will acquire Mentor for $37.25 per share in cash, which represents an enterprise value of $4.5 billion.
Siemens said it is acquiring Mentor as part of its Vision 2020 concept to be the Benchmark for the New Industrial Age. "It's a perfect portfolio fit to further expand our digital leadership and set the pace in the industry" said Joe Kaeser, President and CEO of Siemens AG.
Walden C. Rhines, chairman and CEO of Mentor said "Siemens is an ideal partner with financial depth and stability, and their resources and additional investment will allow us to innovate even faster and accelerate our vision of creating top-to-bottom automated design solutions for electronic systems."
To tell you another big acquisition this week, Samsung Electronics to acquire Harman International Industries for approximate transaction value of USD 8.02 billion. Massive inorganic entry into automotive electronics domain by Samsung.
The big players in the electronics, semiconductor and EDA software industry are lesser and lesser capable to grow organically and only hunting for buy-outs.
