Monday, November 14, 2016

Siemens is planning the next billion acquisition – realignment – FOCUS Online

Monday, 14.11.2016, 12:00
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With a billion acquisition in the US, the electrical engineering group Siemens wants to expand its business with industrial software.

the Acquisition of the software vendor Mentor Graphics for 37,25 US dollars per share in cash was Planned, as the Dax group announced on Monday in Munich. Including debt to Siemens estimated the enterprise value of $ 4.5 billion. The completion of the deal is expected to close in the second quarter of 2017.

a Mentor is a specialist for automation software, as well as the Design of semiconductors. “Siemens adopts Mentor as part of the Vision 2020 concept, and is thus the Benchmark for the new industrial age,” said Siemens President and CEO Joe Kaeser. His management Board colleague, Klaus Helmrich added: “the Mentor complements our strong offering Mechanical and Software Design, Test and Simulation of electrical and electronic systems.”

the Last had strengthened Munich in January, with the company CD-adapco for close to a billion dollars, and recently to the smaller provider Bentley Systems strategically involved. The division with industry software is one of the most profitable at Siemens, but also as relatively susceptible to economic cycles.

Both Mentor-a major shareholder Elliott Management, as well as Mentor CEO Walden Rhines support the business. “Siemens” resources and additional investment will allow us to make innovations faster and to accelerate our Vision to create the development of a complete automated design solutions for electronic systems,” said Rhines. The company is headquartered in Wilsonville in the U.S. state of Oregon came in last on a turnover of 1.2 billion dollars. Munich’s assume that the planned acquisition from the third year to contribute to the completion of the transaction at a profit.

With the acquisition of works Kaeser further to the realignment of the group on the core areas of electrification, automation and digitalization. Only to the balance sheet template in the past week, he had announced to bring medical technology to the stock market and in order to become independent. The business should continue to be pursued under the umbrella of Siemens.

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