Cadence Buys BETA CAE Systems in $1.24 Billion Deal

Key TakeawaysCadence Design Systems said Tuesday it will acquire BETA CAE Systems International AG for $1.24 billion in cash and stock.The deal will help give Cadence access to BETA CAE's simulation and analysis software.BETA CAE's simulations and analysis software is used by a number of companies including General Motors, Honda, and Lockheed Martin. Cadence Design Systems (CDNS) said Tuesday it will acquire BETA CAE Systems for $1.24 billion in cash and stock. The deal will give Cadence access to BETA CAE’ ...