M&A Deal Summary

Siemens Acquires OneSpin

On April 15, 2021, Siemens acquired software company OneSpin from Azini Capital Partners

Acquisition Highlights
  • This is Siemens’ 22nd transaction in the Software sector.
  • This is Siemens’ 9th transaction in Germany.

M&A Deal Summary

Date 2021-04-15
Target OneSpin
Sector Software
Buyer(s) Siemens
Sellers(s) Azini Capital Partners
Deal Type Add-on Acquisition

Target

OneSpin

Munich, Germany
OneSpin is a provider of formal verification software that helps ensure integrated circuit (IC) integrity and enables functionally correct, safe, trustworthy, and secure IC designs. OneSpin delivers innovative formal verification solutions that ease and speed the functional verification of complex ASIC and FPGA designs. OneSpin was founded in 2005 and is based in Munich, Germany.

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Buyer(S) 1

Buyer

Siemens

Munich, Germany

Category Company
Founded 1847
Sector Diversified
Employees320,000
Revenue 75.9B EUR (2024)
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 47 of 53
Sector: Software M&A 22 of 25
Type: Add-on Acquisition M&A Deals 40 of 46
Country: Germany M&A 9 of 9
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Culgi BV

Leiden, Netherlands

Culgi BV is a computational chemistry software company with a focus on multiscale simulations in the process industries. Culgi is based in Leiden, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 RailTerm

Mississauga, Ontario, Canada

RailTerm is a North American provider of rail services to railroads and transit agencies. RailTerm is a safety-focused leader in rail infrastructure maintenance. RailTerm develops robust and flexible rail traffic control software systems and is the largest and most technologically advanced third-party dispatcher in North America. RailTerm is based in Mississauga, Ontario.

Buy -

Seller(S) 1

DESCRIPTION

Azini Capital Partners LLP is a private investment group focused acquiring secondary interests in growth-oriented companies. The Firm looks to acquire minority positions (> 15%) in companies with at least $10 million in revenue. The Firm prefers acquiring interests in tech-oriented or tech-enabled companies. Azini Capital was established in 2004 and is based in London.


DEAL STATS #
Overall 17 of 21
Sector: Software M&A 5 of 5
Type: Add-on Acquisition M&A Deals 14 of 18
Country: Germany M&A 2 of 2
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 ClusterSeven

London, United Kingdom

Cluster Seven Services Ltd. is a provider of strategic software for the management of user-built applications - primarily spreadsheets and MS Access databases. ClusterSeven solutions help firms to balance their governance, risk and regulatory compliance (GRC) obligations with the need for revenue generation, staff efficiency and productivity. ClusterSeven provides non-invasive, passive monitoring and tracking of spreadsheets. Cluster Seven Services was established in 2003 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Antenova

Herts, United Kingdom

Antenova is the provider of antennas and radio antenna modules for wireless M2M and consumer electronic devices, wireless connectivity requirements, including GSM and CDMA, 3G, 4G, LTE, GPS, Wi-Fi, Bluetooth, WiMAX, WiBro, ZigBee and FM. Antenova was founded in 1999 and is based in Herts, United Kingdom.

Sell -