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

Powerful Soft Grip Super Air Scraper with Extension Pipe

Powerful Soft Grip Super Air Scraper with Extension Pipe

EXAIR's Soft Grip Super Air Scraper is a safety air gun designed to help remove the most stubborn debris found within industrial facilities. The patent pending design uses a scraping blade to assist the powerful compressed air flow removal of debris. This product is perfect for removal of caulk, gaskets, sealant, adhesives, tape, paint, stickers, labels, grease, lubricant and difficult to sweep metal chips, flakes or discs. It will help keep your machining tables, sub plate and assembly stations clean and functional. The corrosion resistant scraper blade is attached to a 2 inch Flat Super Air Nozzle and a ¾ inch extension to provide the strength and durability necessary for many of your toughest cleaning and housekeeping challenges. Extensions for the Soft Grip Super Air Scraper are available from 6 inches to 72 inches long to aid in cleaning table tops, inside machines, reaching the floor or other remote surfaces. Chip shields are also available. www.exair.com/184/sgsasext.htm