Siemens Acquires Avatar Integrated Systems
July 15, 2020
Siemens Digital Industries Software (Mentor) has agreed to acquire Avatar Integrated Systems Inc., a Santa Clara, California developer of place-and-route electronic design automation (EDA) software. Avatar will be integrated into Siemens' Xcelerator portfolio and Mentor IC EDA suite to expand Siemens' chip physical‑design capabilities; terms were not disclosed and the deal was expected to close in H2 2020.
- Buyers
- Siemens Digital Industries Software (a Siemens business)
- Targets
- Avatar Integrated Systems Inc.
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Buyout
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