Siemens Digital Industries Software Acquires Avery Design Systems

November 2, 2022

Siemens Digital Industries Software has signed an agreement to acquire Avery Design Systems, a simulation-independent verification IP supplier headquartered in Tewksbury, Massachusetts. The acquisition will add Avery's verification IP and compliance test-suite technology to Siemens' Xcelerator portfolio to strengthen Siemens' integrated circuit verification offerings.

Buyers
Siemens Digital Industries Software
Targets
Avery Design Systems, Inc.
Industry
Software
Location
Massachusetts, United States
Transaction Type
Buyout

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