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Agreement signedPublished 5 Mar 2024

Cadence Design Systems, Inc. /
BETA CAE Systems International AG

Cadence to acquire BETA CAE Systems International AG

Buy side: Cadence Design Systems, Inc.
Buy sideCadence Design Systems, Inc.
Target: BETA CAE Systems International AG
TargetBETA CAE Systems International AG
Source · 5 Mar 2024Source-verified
See the source
Buy side: Cadence Design Systems, Inc.
Buy sideCadence Design Systems, Inc.
Target: BETA CAE Systems International AG
TargetBETA CAE Systems International AG
01 / BuyerCadence Design Systems, Inc.
02 / TargetBETA CAE Systems International AG
Source-verified
01

What happened

Cadence Design Systems, Inc. agreed to purchase the entire issued share capital of BETA CAE Systems International AG from its shareholders. The transaction is based on an enterprise value of $1.24 billion.

Completion is expected in the second quarter of 2024, subject to required regulatory approvals and other conditions.

02

The source

Everything on this page comes from the source below.

01
Source · Original source

Cadence to acquire BETA CAE Systems International AG

This document is the source for the companies, stage, figure and people on this page.

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03

Timeline

Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by the source

    The source this page is built from.

    Source-verified

  2. Expected close

    The source this page is built from.

    Source-verified

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