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M&A Deal Summary

Altium Acquires TASKING

On June 1, 2001, Altium acquired software company TASKING for 73M AUD

Acquisition Highlights
  • This is Altium’s 1st transaction in the Software sector.
  • This is Altium’s largest (disclosed) transaction.
  • This is Altium’s 1st transaction in Germany.
Investment Fate
  • TASKING was divested to a consortium of buyers in 2020.

M&A Deal Summary
Date 2001-06-01
Target TASKING
Sector Software
Buyer(s) Altium
Deal Type Add-on Acquisition
Deal Value 73M AUD

Target

TASKING

Munich, Germany
TASKING is a provider of software tools for autonomous driving development. TASKING was founded in 1986 and is based in Munich, Germany.

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Buyer(S) 1

Buyer

Altium

La Jolla, California, United States
Category Company
Founded 1985
Sector Software
Revenue 263M USD (2023)
DESCRIPTION

Altium is a multinational software corporation, that focuses on electronics design systems for 3D PCB design and embedded system development. Altium was incorporated in 1985 and is based in La Jolla, California.

DEAL STATS #
Overall 1 of 8
Sector: Software M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 8
Country: Germany M&A 1 of 2
Year: 2001 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-01 Hoschar AG

Karlsruhe, Germany

Hoschar AG is an electronic design automation software distributor.

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