Cadence To Acquire BETA CAE, Expanding Into Structural Analysis; Cadence Will Pay ~$1.24B For The Transaction, With 60% Of The Consideration To Be Paid In Cash And 40% To Be Paid Through The Issuance Of Cadence Common Stock

Benzinga · Mar 5 22:06

BETA CAE's world-renowned solutions will complement and expand Cadence's system analysis portfolio for automotive, aerospace, industrial and healthcare verticals

Cadence Design Systems, Inc. (NASDAQ:CDNS) today announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, a leading system analysis platform provider of multi-domain, engineering simulation solutions. The addition of BETA CAE's proven technologies and talent will accelerate Cadence's Intelligent System Design strategy by expanding its multiphysics system analysis portfolio and enabling entry into the structural analysis segment, unlocking a multi-billion-dollar incremental TAM opportunity. Under the terms...

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Cadence To Acquire BETA CAE, Expanding Into Structural Analysis; Cadence Will Pay ~$1.24B For The Transaction, With 60% Of The Consideration To Be Paid In Cash And 40% To Be Paid Through The Issuance Of Cadence Common Stock

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