Acquiring Company
Renesas Electronics Corporation
Acquired Company
Altium®
Toyosu
San DiegoManufacturingAutomotiveElectronicsManufacturingSoftwareElectronicsProduct DesignDescription
Renesas Electronics Corporation and Altium Limited received the notification from the Committee on Foreign Investment in the United States that the regulatory review for their proposed acquisition has been concluded, marking an important milestone. The Scheme is subject to certain remaining conditions, including the satisfaction of Altium shareholders, and is expected to be implemented on August 1, 2024.
Quick answer
Renesas Electronics Corporation is acquiring Altium®, announced July 1, 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 Electronics Corporation completes acquisition of Altium to create innovative electronics system design and lifecycle management platform (August 1, 2024)
- Renesas Electronics Corporation to acquire Altium Limited in a strategic deal (May 30, 2024)
- Hadrian completes acquisition of Datum Source to supercharge supply chain operations (August 14, 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)
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.
- An alert the day Renesas Electronics Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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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 July 2, 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 July 2, 2024. Renesas Electronics Corporation and Altium Limited received the notification from the Committee on Foreign Investment in the United States that the regulatory review for their proposed acquisition has been concluded, marking an important milestone. 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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