M&A Deal Summary

Renesas Electronics Acquires Altium

On February 15, 2024, Renesas Electronics acquired software company Altium for 9.1B AUD

Acquisition Highlights
  • This is Renesas Electronics’ 2nd transaction in the Software sector.
  • This is Renesas Electronics’ 2nd largest (disclosed) transaction.
  • This is Renesas Electronics’ 4th transaction in the United States.
  • This is Renesas Electronics’ 3rd transaction in California.

M&A Deal Summary
Date 2024-02-15
Target Altium
Sector Software
Buyer(s) Renesas Electronics
Deal Type Add-on Acquisition
Deal Value 9.1B AUD
Advisor(s) J.P. Morgan Securities (Financial)
King & Wood Mallesons
Reed Smith (Legal)

Target

Altium

La Jolla, California, United States
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.

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Buyer(S) 1

Buyer

Renesas Electronics

Tokyo, Japan
Category Company
Founded 2002
Sector Semiconductors
Employees21,204
Revenue 1.47T JPY (2023)
DESCRIPTION

Renesas Electronics delivers semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people work and live. Renesas is a global supplier of microcontrollers, and a leader in Analog & Power and SoC products, Renesas provides the expertise, quality, and comprehensive solutions for a broad range of Automotive, Industrial, Home Electronics (HE), Office Automation (OA) and Information Communication Technology (ICT) applications to help shape a limitless future. Renesas Electronics was founded in 2002 and is based in Tokyo, Japan.

DEAL STATS #
Overall 9 of 10
Sector (Software) 2 of 2
Type (Add-on Acquisition) 8 of 9
State (California) 3 of 4
Country (United States) 4 of 5
Year (2024) 1 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-22 Panthronics

Graz, Austria

Panthronics is a fabless semiconductor company specializing in high-performance wireless products. The company has been offering advanced NFC chipsets and software that are easy to apply, innovative, small-in-size, and highly efficient for payment, IoT, and NFC wireless charging. Panthronics is based in Graz, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-20 Transphorm

Goleta, California, United States

Transphorm is a global semiconductor company that develops gallium nitride (GaN) FETs for high-voltage power conversion applications. Transphorm was founded in 2007 and is based in Goleta, California.

Buy -
Mergr

Product

Company

Legal