Cadence Design Systems to Acquire BETA CAE Systems for About $1.24 Billion
March 6, 2024
Cadence Design Systems has entered into a definitive agreement to acquire BETA CAE Systems International AG for approximately $1.24 billion. The deal combines cash and Cadence stock and is expected to close in Q2 2024, subject to regulatory approvals and customary closing conditions.
- Buyers
- Cadence Design Systems
- Targets
- BETA CAE Systems International AG
- Industry
- Software
- Location
- Switzerland
- Transaction Type
- Buyout
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