M&A Deal Summary

Siemens Acquires Solido Design Automation

On November 20, 2017, Siemens acquired software company Solido Design Automation

Acquisition Highlights
  • This is Siemens’ 14th transaction in the Software sector.
  • This is Siemens’ 1st transaction in Canada.
  • This is Siemens’ 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2017-11-20
Target Solido Design Automation
Sector Software
Buyer(s) Siemens
Deal Type Add-on Acquisition

Target

Solido Design Automation

Saskatoon, Saskatchewan, Canada
website
Solido Design Automation, Inc. is a provider of variation-aware design and characterization software to technology companies worldwide, enabling them to design, verify, and manufacture more competitive products than ever before.

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Buyer(S) 1

Buyer

Siemens

Munich, Germany

website

Category Company
Founded 1847
Sector Diversified
Employees299,000
Revenue 72.0B EUR (2022)
DESCRIPTION
Siemens office building in St. Louis, Missouri.
Siemens office building in St. Louis, Missouri.

Siemens is a global engineering and electronics conglomerate company headquartered in Munich. Siemens serves a variety of customers and is organized in in four main divisions: Industry, Energy, Healthcare, and Infrastructure & Cities. Siemens was founded in 1847 and is based in Munich, Germany.

DEAL STATS #
Overall 34 of 49
Sector (Software) 14 of 23
Type (Add-on Acquisition) 29 of 43
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 2
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-23 MRX Technologies Group

Perth, Australia

MRX Technologies Group is a manufacturer and operator of rail systems. MRX Technologies Group was established in 1996 and is headquartered in Perth, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-22 Austemper Design Systems

Austin, Texas, United States

Austemper Design Systems, Inc. is a software company that offers analysis, auto-correction and simulation technology. Austemper Design Systems is based in Austin, Texas.

Buy -
Mergr

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