M&A Deal Summary

Siemens Digital Industries Software Acquires Avery Design Systems

On November 2, 2022, Siemens Digital Industries Software acquired semiconductors company Avery Design Systems

Acquisition Highlights
  • This is Siemens Digital Industries Software’s 1st transaction in the Semiconductors sector.
  • This is Siemens Digital Industries Software’s 2nd transaction in the United States.
  • This is Siemens Digital Industries Software’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2022-11-02
Target Avery Design Systems
Sector Semiconductors
Buyer(s) Siemens Digital Industries Software
Deal Type Add-on Acquisition

Target

Avery Design Systems

Tewksbury, Massachusetts, United States
Avery Design Systems is a simulation-independent verification IP supplier that directly markets and distributes products throughout the U.S., Europe, and Taiwan. Avery Design Systems was formed in 1999 and is based in Tewksbury, Massachusetts.

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Buyer(S) 1

Buyer

Siemens Digital Industries Software

Plano, Texas, United States
Category Company
Sector Software
DESCRIPTION

Siemens Digital Industries Software is driving transformation to enable a digital enterprise where engineering, manufacturing, and electronics design meet tomorrow. The Xcelerator portfolio helps companies of all sizes create and leverage digital twins that provide organizations with new insights, opportunities, and levels of automation to drive innovation. Siemens Digital Industries Software is based in Plano, Texas.

DEAL STATS #
Overall 5 of 5
Sector (Semiconductors) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 SENER - FORAN Software

Las Arenas, Spain

SENER's FORAN Software is CAD/CAE/CAM software for the design, construction, and engineering of vessels and marine structures. SENER's FORAN Software is based in Las Arenas, Spain.

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