Mentor Graphics Corporation (NASDAQ: MENT) announced completion of the acquisition of Valor Computerized Systems, Ltd. for net consideration valued at approximately $50 million.
Mentor paid approximately 5.6 million shares of Mentor stock and $32.5 million in cash. Immediately prior to closing, Valor had cash of approximately $29 million. Valor’s revenues for its last reported full year ending December 31, 2008 were approximately $40 million.
Valor products are software for printed circuit board (PCB) design for manufacturing (DFM) and manufacturing execution (MES) systems. Valor’s solutions target three key segments in the PCB manufacturing market: design of the physical layout of the PCB, fabrication of the bare PCB, and assembly of PCB components. With the acquisition of Valor, Mentor is now positioned as the only EDA supplier to provide the electronics industry with a PCB systems solution from concept through manufacturing.
By acquiring Valor, Mentor is the first major EDA vendor to extend its scope into the market for PCB systems manufacturing solutions. This will benefit the electronics industry by enabling electronics companies to eliminate technical barriers and inefficiencies between the worlds of design and manufacturing. Mentor will be in a unique position to deliver an efficient, bi-directional engineering process between designers, their partners in systems manufacturing, and the product supply chain.
The development of solutions for the manufacturing market will remain a core activity of the Valor division, reinforcing Valor’s and Mentor’s long-term commitment to deliver solutions and support to the manufacturing market, as well as powerful integration of design for manufacturing functionality into Mentor and non-Mentor PCB design environments. For more information regarding the acquisition and the go-forward strategy, visit www.mentor.com/valor
Mentor Graphics
www.mentor.com
::Design World::
Filed Under: Data acquisition + DAQ modules, Semiconductor manufacture, ELECTRONICS • ELECTRICAL
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