Open side-bar Menu
 Jeff's MCAD Blogging

Posts Tagged ‘CD-adapco’

Siemens Goes ECAD With Mentor Graphics Acquisition

Thursday, December 1st, 2016

By acquiring one of ECAD’s giants, Mentor Graphics, Siemens continues to round out its design capabilities far beyond its MCAD roots as part of its Vision 2020 quest. Siemens says the acquisition is an extension of “shaping the Digital Industrial Enterprise by expanding its portfolio for industrial software.”

Under terms of the agreement, Siemens will acquire Mentor for $37.25 per share in cash, which represents a value of $4.5 billion. The offer price represents a 21% premium to Mentor’s closing price on November 11, 2016, the last trading day prior to the announcement.

Siemens Logo

Major Mentor shareholder Elliott Management has committed to support the transaction. In many ways, I don’t think Mentor had much of a chance of fending off the acquisition, as its profits were minuscule (and had been for some time), and got strong-armed by Elliott who owns a good chunk (~8%) of Mentor. By the way, Elliott blessed the offer.

Elliott Management, run by billionaire Paul Singer, said when it raised its stake it saw numerous opportunities to boost Mentor’s “deeply undervalued” shares and had started talks with the company’s management and board. According to the company, the acquisition is a “great outcome” for Mentor shareholders as the company will benefit from Siemens’s increased scale and greater resources.

Mentor Graphics Logo

The acquisition extends Siemens’ Digital Enterprise Software portfolio with Mentor’s electronics IC and systems design, simulation, and manufacturing software – capabilities essential for smart connected products, such as autonomous vehicles.

“Siemens 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.

“With Mentor, we’re acquiring an established technology leader with a talented employee base that will allow us to supplement our world-class industrial software portfolio. It will complement our strong offering in mechanics and software with design, test and simulation of electrical and electronic systems,” said Klaus Helmrich, member of the Managing Board of Siemens.

(more…)

Is CD-adapco A Good $1 Billion Fit For Siemens?

Thursday, January 28th, 2016

This week Siemens announced that it was hitching a new car to its acquisition train: CD-adapco. With a purchase price $970 million, CD-adapco is a global engineering simulation company with software that covers a wide range of engineering disciplines including fluid dynamics, solid mechanics, heat transfer, particle dynamics, reactant flow, electrochemistry, and acoustics. It is probably best known for its combustion engine simulation capabilities.

Established in 1980 and still controlled by its founders, the company has about 900 employees and approximately $200 million in annual revenue and an annual growth rate of 15 percent for the past five years, according to its website. Its main competitor in engine simulation software is Ansys.

(more…)

SolidCAM: Program your CNCs directly inside your existing CAD system.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise