Acquiring Company
Renesas Electronics Corporation
Acquired Company
Altium®
Toyosu
San DiegoManufacturingAutomotiveElectronicsManufacturingSoftwareElectronicsProduct DesignDescription
Renesas Electronics Corporation (TSE: 6723) has reached an agreement to acquire all outstanding shares of Altium Limited (ASX: ALU), aiming to make Altium a wholly-owned subsidiary. The acquisition is expected to be completed in the second half of 2024, pending approvals by Altium shareholders, relevant regulatory authorities, and the Australian courts.
Quick answer
Renesas Electronics Corporation is acquiring Altium®, announced May 30, 2024. Renesas Electronics Corporation is based in Toyosu, Tokyo, Japan.
- How much did Renesas Electronics Corporation pay for Altium®?
- The deal value was not disclosed.
- What does Renesas Electronics Corporation do?
- Renesas Electronics Corporation (TSE: 6723) (“Renesas”) delivers trusted embedded design innovation with complete semiconductor solutions that enable billions of connected, intelligent devices to enhance the way people..
- Where are Renesas Electronics Corporation and Altium® based?
- Renesas Electronics Corporation is based in Toyosu, Tokyo, Japan. Altium® is based in San Diego, California, United States.
- Who are the decision-makers at Renesas Electronics Corporation?
- Fundz holds 2 contacts at Renesas Electronics Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Automotive and Electronics
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Renesas concludes regulatory review for proposed acquisition of Altium (July 1, 2024)
- HDT Automotive Solutions completes acquisition of Veritas AG and its subsidiaries (July 12, 2024)
- Nano Dimension to Acquire Desktop Metal in a $183 Million All-Cash Deal, $183M (July 5, 2024)
- Fen Technology acquires product design consultancy Wright Design to strengthen its 'go-to' product development team (May 23, 2024)
- Solero Technologies finalizes acquisition of Kendrion's Automotive Business to expand product offerings, footprint, and customer base (April 15, 2024)
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Who to call at Renesas Electronics Corporation, and when
When Renesas Electronics Corporation changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Related People
Frequently asked
Who acquired Altium®?
Altium® was acquired by Renesas Electronics Corporation, based in Toyosu. The deal was reported on May 30, 2024. Renesas Electronics Corporation is privately held and operates in Manufacturing.
When did Renesas Electronics Corporation acquire Altium®?
Renesas Electronics Corporation's acquisition of Altium® was reported on May 30, 2024. Renesas Electronics Corporation (TSE: 6723) has reached an agreement to acquire all outstanding shares of Altium Limited (ASX: ALU), aiming to make Altium a wholly-owned subsidiary. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Altium® do?
Altium Limited, a part of the Renesas Group and headquartered in San Diego, California, is a global software company accelerating the pace of electronics innovation. It is privately held, operating in Manufacturing, and is based in San Diego.
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