Japanese chip manufacturer Ruisa Electronics said on Thursday (February 16, 2024) that it will acquire 100% of ALTIUM's ALTIUM shares of Australian design software provider of Australian dollars ($ 5.91 billion).
Company introduction
Renesas
Renesas Electronics Corporation is a premier Japanese semiconductor manufacturer, known for its significant contributions to the field of microcontrollers, System-on-Chips (SoCs), and a broad range of integrated circuits. Renesas is recognized for its leadership in automotive and industrial markets, providing key components for advanced driver-assistance systems (ADAS), automotive infotainment, and power management solutions. The company's commitment to innovation and quality has established it as a trusted name in the semiconductor industry, with a strong focus on research and development to drive technological advancements in electronics.
Renesas Company Logo
Altium
Altium Limited, originally based in Australia and now headquartered in San Diego, California, is a leading global developer of software for electronic design automation (EDA), specializing in PCB (Printed Circuit Board) design tools. Since its establishment in 1985, Altium has grown into a market leader known for its flagship product, Altium Designer. The company's software solutions empower electronics designers and engineers to leverage the latest technologies, streamline their design processes, and bring complex electronic products to market faster and more efficiently. Altium's dedication to innovation is also evident in its cloud-based platform, Altium 365, which facilitates collaboration and accessibility in PCB design projects, setting new standards in the EDA industry.
Renesas acquires Altium
In significant move that underscores the accelerating pace of innovation and integration within the global electronics industry, Renesas Electronics, a leading Japanese semiconductor manufacturer, has announced its acquisition of Altium Limited, an Australian-based software designer specializing in printed circuit board (PCB) design tools, for an impressive sum of AUD 9.1 billion (approximately USD 59.1 billion) in an all-cash transaction. This strategic acquisition marks a pivotal step forward in the digital strategy of Renesas, promising to create a unified, open platform for electronic system design and lifecycle management that stands to revolutionize the way components, subsystems, and system-level designs collaborate.
With this acquisition, Renesas and Altium are set to establish an integrated and open electronic system design and lifecycle management platform. This platform aims to facilitate collaboration across components, subsystems, and system-level designs, thereby accelerating innovation and enhancing design efficiency across the electronics industry. The transaction is expected to close in the second half of 2024, pending approval from Altium shareholders, the Australian court, and fulfillment of regulatory and customary closing conditions.
Altium, headquartered in California with a listing on the Australian stock exchange, is renowned for its provision of PCB design tools. The company's rich history, dating back to 1985, has seen it emerge as a global leader in the PCB software tool market. Its advanced cloud platform capabilities and strong embedded solutions will now be combined with Renesas' robust offerings in high-performance processors, analog, power, and connectivity solutions. This merger promises to deliver an enhanced user experience and innovative solutions at the system level, significantly reducing barriers to entry for system designers by decreasing development resources and inefficiencies.
The acquisition is perfectly aligned with Renesas' digital strategy, representing a significant first step in providing system-level enhancements and innovations to electronic system designers. It also aims to standardize and integrate various electronic design data and functionalities, enhance component lifecycle management, and enable seamless digital iteration of the design process, thus boosting overall productivity and innovation speed.
Renesas Electronics and Altium share a common vision for building an integrated, open platform that unifies steps at the system level, allowing seamless execution of all electronic design steps in the cloud. This collaboration with the entire ecosystem, including third-party suppliers, is expected to provide a significant boost to the electronics design market, making design processes more efficient and accelerating the pace of innovation.
Upon completion of the transaction, Altium will become a fully owned subsidiary of Renesas Electronics but will continue to operate under the leadership of CEO Aram Mirkazemi. The acquisition is not only expected to strengthen Renesas' financial position but also to deliver substantial value to shareholders by immediately adding to earnings and achieving profitability impacts through synergies in revenue and cost post-transaction.
This acquisition highlights the importance of digitalization in the electronics industry, showcasing a strategic move by Renesas Electronics to become a leader in embedded semiconductor solutions through an enhanced user experience (UX) based on cloud development. As we look forward to the completion of this significant transaction, the electronics design world stands on the brink of a new era of innovation and integration, powered by the collaborative strengths of Renesas Electronics and Altium.
Reference: