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

ResinDek® TRIGARD® ESD ULTRA FOR HIGH-TRAFFIC ROBOTIC APPLICATIONS

ResinDek® TRIGARD® ESD ULTRA FOR HIGH-TRAFFIC ROBOTIC APPLICATIONS

To maximize the productivity of an autonomous mobile robot (AMR) or automatic guided vehicle (AGV) deployment, it's critical to create the optimal environment that allows the vehicles to perform at their peak. For that reason, Cornerstone Specialty Wood Products, LLC® (www.resindek.com) created the TriGard® ESD Ultra finish for its ResinDek® engineered flooring panels. The TriGard ESD Ultra finish is ideal for high-traffic robotic applications characterized by highly repetitive movement patterns and defined travel paths.