EDA is integral to Siemens’ vision of a comprehensive digital twin.Īutodesk wants some of that and maybe just as important. The EDA group has significantly boosted the revenues of Siemens Digital Industries, its home division within the Siemens behemoth. Mentor, now known as Siemens EDA, has thrived. Siemens’ acquisition of Mentor Graphics in 2016 has proven to be an excellent deal for the German conglomerate. And, speaking of competition, Altium is pretty confident that Dassault and PTC might be interested in acquiring the PCB design company because that’s where the design and manufacturing industry is headed. Autodesk is determined to build its manufacturing segment into a powerful competitor to market leaders Siemens, Dassault, and PTC. Yes, but Altium has a thriving customer base with interests in automotive, aerospace, consumer electronics, and medical devices. Why does Autodesk want a PCB design company? Autodesk has a PCB design company in its Eagle software, and it’s also included in the Fusion 360 portfolio. In this case, the company didn’t seem to understand Autodesk’s high-priced interest in Altium. Isn’t it all kind of wonderful? The Motley Fool had a response that reminded us that traders should spend a lot more time paying attention to the companies they talk about. Altium has made it clear it will entertain a higher bid from Autodesk and bids from other interested companies, so the game is on. It adds up to almost $3.9 billion for Autodesk. The bid comes in at a 41% premium over Altium’s stock price at the time of the proposal. In an equally short, pleasant press release Altium replied that they appreciate Autodesk’s attention, but think they’re worth more than the Autodesk bid. In a short, direct little bit of a press release, Autodesk announced that it had made a non-binding proposal to acquire all the outstanding share common stock of Altium, Limited (ASX: ALU) for AUD $38.30 to be implemented by way of a scheme of arrangement. Altium is not going to roll over easily… there’s more talking to be done and other interested players.
Autodesk has made a bid for Altium, a PCB design company with customers in industries coveted by Autodesk, and lots of other people too. Follows the trend for big gulp deals in the CAD industry.
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