Engineering Group has agreed to buy Germany’s Siemens Mentor Graphics in a deal valued at $ 4.5 billion.
All cash in the deal, Siemens will pay $ 37.25 per share to Mentor Graphics,
which tops the closing share price on Friday of 21%. In the wake of the deal, Siemens shares traded 1.3 percent higher.
Mentor Graphics design software for semiconductors. Captured the attention of the German startup manufacturer because of its expertise in the areas of software.
Siemens was considering expanding its operations to the software side and this is exactly where the future lies. Siemens also bought software based on the latest CD-adapco engineering company, earlier this year.
He said Siemens board member Klaus Helmric in a statement: “Mentor Graphicswill strong complement our offerings in mechanics and programs with the design, testing and simulation of electrical and electronic systems.”
Mentor Graphics Development Pakistan (Private) Limited,
the software is known for is an integral part of the (operating system kernel) which is considered one of the most commercial operating system deployed in the world’s energy-saving more than a billion devices,
was founded in fact in 1999 as a subsidiary of technology accelerated, Inc.
Later, the company acquired by Mentor Graphics Corporation in 2002.
Mentor Graphics Pakistan Office is part of the PD integral part of Mentor Graphics, a leader in software for electronic devices company.
Mentor products are an integral part of has expertise in advanced embedded systems.
The company designs solutions including open source tools and software / middleware and development 2D / 3D user interface, and target devices.