Cadence (CDNS) Acquires Switzerland-based BETA CAE for $1.24B

Cadence Design Systems Inc (CDNS) recently concluded the acquisition of Switzerland-based BETA CAE Systems International AG. The acquisition was announced in March 2024.Back then, CDNS had highlighted that the deal involved Cadence paying approximately $1.24 billion, with 60% of the consideration in cash and 40% through the issuance of Cadence stock to BETA CAE shareholders.Headquartered in Lucerne, BETA CAE specializes in offering multi-domain, engineering simulation solutions. BETA CAE offers a comprehens ...