Siemens Digital buys Avery Design Systems

Author: EIS Release Date: Nov 9, 2022

Siemens Digital Industries Software is to acquire Avery Design Systems of Massachusetts.

 

Siemens plans to add Avery’s technology to the Siemens Xcelerator portfolio as part of its suite of EDA IC verification offerings,

 

“This can enhance Siemens’ offerings across mainstream verification IP segments, while further extending Siemens verification solutions into areas such as High Performance Computing, Edge, Networking, and 3DICs,” says Siemens evp Joe Sawicki.

 

The acquisition  is anticipated to close in the first quarter of fiscal year 2023. Terms of the transaction were not disclosed.