M&A Deal Summary

Cadence Acquires BETA CAE

On March 5, 2024, Cadence acquired information technology company BETA CAE for 1.2B USD

Acquisition Highlights
  • This is Cadence’s 2nd transaction in the Information Technology sector.
  • This is Cadence’s largest (disclosed) transaction.
  • This is Cadence’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2024-03-05
Target BETA CAE
Sector Information Technology
Buyer(s) Cadence
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

BETA CAE

Lucerne, Switzerland
BETA CAE is a system analysis platform provider of multi-domain, engineering simulation solutions. The company's portfolio includes pre- and post-processing products, mechanical and structural simulation and multiphysics analysis, and simulation, process, data, and resources management (SPDRM) solutions, among others. BETA CAE is based in Lucerne, Switzerland.

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Buyer(S) 1

Buyer

Cadence

San Jose, California, United States

Category Company
Founded 1987
Sector Software
Employees11,200
Revenue 4.1B USD (2023)
DESCRIPTION
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.
Entrance to Cadence Design Systems' corporate headquarters in San Jose, California.

Cadence develops system design enablement solutions that customers use to design whole electronics systems, increasingly small and complex integrated circuits, and electronic devices. Cadence's solutions are designed to help customers reduce the time to bring an electronics system, IC or electronic device to market and to reduce their design, development and manufacturing costs. Cadence's product offerings include electronic design automation, software, emulation and prototyping hardware, system interconnect and analysis and categories of intellectual property referred to as verification IP and design IP. Cadence was founded in 1987 and is based in San Jose, California.


DEAL STATS #
Overall 51 of 51
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 46 of 46
Country (Switzerland) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-20 Intrinsix

Marlborough, Massachusetts, United States

Intrinsix is an advanced semiconductor design services firm with the platforms, process, and people to ensure first-turn success of your semiconductor project. Intrinsix was founded in 1986 and is based in Marlborough, Massachusetts.

Buy -