Siemens to Acquire Mentor Graphics for $4.5 Billion

Siemens announced it will acquire Oregon, US-based Mentor Graphics for $4.5 billion in an effort to expand its reach into the automation and industrial software market.

“Combining Mentor’s technology leadership and deep customer relationships with Siemens’ global scale and resources will better enable us to serve the growing needs of our customers, and unlock additional significant opportunities for our employees,” said Walden C. Rhines, chairman and CEO of Mentor, in a release posted on November 14, 2016.

Source: Siemens