Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, and Altium Limited, a global leader in electronics design systems, have agreed to a deal that will see Renesas acquire all outstanding shares of Altium for A$68.50 per share, valuing the company at A$9.1 billion.
The acquisition will enable the two industry leaders to establish an integrated and open electronics system design and lifecycle management platform that allows for collaboration across component, subsystem, and system-level design. The platform will leverage Altium’s cloud capabilities and Renesas’ embedded solutions, as well as integrate with third-party vendors across the ecosystem.
The deal aligns with Renesas’ digitalization strategy and represents its first significant step in bringing enhanced user experience and innovation at the system level for electronics system designers. The platform will simplify and accelerate the design and integration of electronic systems, which have become increasingly complex as technology advances.
“Development processes continue to evolve and accelerate. With our Purpose “To Make Our Lives Easier” in mind, our vision is to make electronics design accessible to the broader market to allow more innovation through a cloud-based platform,” said Hidetoshi Shibata, CEO of Renesas. “Addition of Altium will enable us to deliver an integrated and open development platform, making it easier for businesses of all sizes and industries to build and scale their systems. We look forward to working with Altium’s talented team as we continue to invest and drive our combined platform to the next level of value for our customers.”
“I strongly believe that electronics is the single most critical industry to building a smart and sustainable world. Renesas’s visionary leadership and commitment to making electronics accessible to all resonates strongly with Altium. Altium’s vision of industry transformation finds its fullest expression in service of this grand vision of Renesas,” said Aram Mirkazemi, CEO of Altium. “Having worked closely with Renesas as a partner for nearly two years, we are excited to be part of the Renesas team as we continue to successfully execute and grow.”