Renesas to Acquire PCB Design Software Leader Altium to Make Electronics Design Accessible to Broader Market and Accelerate Innovation
Acquiring Company
Renesas Electronics Corporation
Acquired Company
Altium®
Toyosu
San DiegoManufacturingAutomotiveElectronicsManufacturingSoftwareElectronicsProduct DesignDescription
Renesas Electronics Corporation has entered into a Scheme Implementation Agreement to acquire Altium Limited. The acquisition, valued at approximately A$9.1 billion, aims to establish an integrated and open electronics system design and lifecycle management platform, enabling collaboration and innovation at the system level for electronics system designers. This strategic move aligns with Renesas's digitalization strategy, bringing enhanced user experience and opening up new possibilities for the broader market.
Quick answer
Renesas Electronics Corporation is acquiring Altium®, announced February 14, 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.
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Who to call at Renesas Electronics Corporation, and when
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Frequently asked
Who acquired Altium®?
Altium® was acquired by Renesas Electronics Corporation, based in Toyosu. The deal was reported on February 14, 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 February 14, 2024. Renesas Electronics Corporation has entered into a Scheme Implementation Agreement to acquire Altium Limited. 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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