Renesas Electronics Corporation Acquires Altium Limited

August 1, 2024

Renesas Electronics Corporation has completed its acquisition of Altium Limited, a leading PCB design software and cloud-platform provider, via a Scheme of Arrangement under Australian law. The all-cash transaction values Altium at approximately A$9.1 billion and brings Altium’s Altium 365 cloud capabilities into Renesas to accelerate a system-level electronics design and lifecycle management platform and advance Renesas' digitalization strategy.

Buyers
Renesas Electronics Corporation, Renesas Electronics NSW Pty Ltd
Targets
Altium Limited
Sellers
Altium shareholders
Industry
Software
Location
California, United States
Transaction Type
Buyout

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