Siemens closes Mentor Graphics acquisition
March 30, 2017 by Manufacturing AUTOMATION
Mar. 30, 2017 – With the recent closing of its acquisition of electronic design automation (EDA) software company, Mentor Graphics, Siemens says it is setting out to underscore the “significant customer value” it envisions for both electronic systems and integrated circuit (IC) design tools.
Mentor is now part of Siemens’ product lifecycle management (PLM) software business, making the combined organization a supplier of industrial software used for product design, simulation, verification, testing and manufacturing.
“The entire suite of EDA offerings from Mentor are critically important to our vision of growing our customer base and delivering the world’s most comprehensive portfolio of software solutions to build the Digital Enterprise,” said Tony Hemmelgarn, president and CEO, Siemens PLM Software. “Software tools such as Electrical & Wire Harness Design and Electronic Systems Design, perfectly complement our existing solutions, while tools for IC Design, Verification, Test and Manufacturing expand our offerings and expertise into adjacent segments to bring value to a new set of clients.
“Siemens is now the leading company providing a complete set of integrated software solutions across the entire value chain. We are proud to welcome the outstanding Mentor team and all of their excellent technology into our organization.”
With the acquisition of Mentor, Siemens says it will continue its history of “effectively merging new organizations and technology into the industry’s leading Digital Enterprise Suite,” adding that the suite helps customers create holistic and precise digital twins of their products and production lines.
“Joining the Siemens family presents tremendous opportunity, not only for the Mentor Graphics team, but also for existing, new and future customers,” said Walden C. Rhines, CEO, Mentor Graphics. “Siemens’ desire to leverage all of Mentor’s technologies — from our IC offerings to our systems solutions — was an important part of this transaction. We are proud to become part of an organization with such an excellent reputation and successful track record over the years.”