Siemens to buy Mentor Graphics amid push to digitize factories

By Christopher Alessi and Natascha Divac, Dow Jones Newswires:  Siemens AG’s planned acquisition of automation and industrial software provider Mentor Graphics Corp. is the German giant’s latest play to stay competitive in the race to digitize heavy industry.

Siemens on Monday offered $37.25 a share in cash, equivalent to a 21 percent premium on Mentor’s closing share price on Friday, giving the U.S. company an equity value of around $4 billion.Wilsonville, Ore.-based Mentor, which has agreed to the acquisition, sells software and hardware design-automation tools for the development and testing of advanced electronic systems. The company has a field office in Longmont. Mentor’s shares gained 18.3 percent to $36.30 in recent Nasdaq trading on Monday.

“It’s a perfect portfolio fit to further expand our digital leadership and set the pace in the industry,” Siemens CEO Joe Kaeser said.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Allied Motion - Brushless Torque Motors: Frameless & Housed

Allied Motion - Brushless Torque Motors: Frameless & Housed

Allied Motion offers both housed and frameless families of brushless torque motors. These motors are among the highest performance torque motors available. Frameless diameters range from 19 through 792 mm with stall torque ranging up to 2020 Nm. All housed torque motors are available with integrated encoder and the MFH models include an integrated servo drive. Custom-engineered models to meet specific requirements are our specialty. Learn more about Allied Motion Brushless Torque Motors