Cadence (CDNS) to Expand Its Portfolio With BETA CAE Acquisition

Cadence Design Systems (CDNS) announced its plan to acquire a leading provider of engineering simulation solutions — BETA CAE Systems International AG. The acquisition will likely enhance Cadence's Intelligent System Design strategy by broadening its range of multiphysics system analysis offerings and helping Cadence enter into the structural analysis sector.The deal involves Cadence paying approximately $1.24 billion, with 60% of the consideration in cash and 40% to be paid through the issue of Cadence sto ...