Siemens to Acquire Precision Innovations
July 21, 2026
Siemens has signed an agreement to acquire Precision Innovations, a privately held electronic design automation (EDA) software company, to expand its AI-powered chip planning and system-on-a-chip (SoC) design exploration capabilities. The deal is expected to close in the third quarter of 2026, subject to customary conditions, and financial terms were not disclosed.
- Buyers
- Siemens
- Targets
- Precision Innovations Inc.
- Industry
- IT Services
- Location
- California, United States
- Transaction Type
- Buyout
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