Cadence Acquires Switzerland-Based BETA CAE for $1.24B



Cadence Design Systems Inc (NASDAQ: 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 comprehensive platform that supports mechanical/structural, CFD and EM simulations, as well as the full simulation and analysis flow for multiphysics system simulations. Its flagship products include ANSA and META. BETA CAE has a heavy presence across several verticals, particularly in the automotive sector. Its products complement Cadence’s system analysis portfolio.

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The acquisition could enhance Cadence’s Intelligent System Design strategy by broadening its range of multiphysics system analysis offerings and helping Cadence enter the structural analysis vertical.

BETA CAE had approximately $90 million as annual revenues. CDNS expects BETA CAE to contribute around $40 million to the company’s 2024 revenues.

However, the acquisition is expected to dilute Cadence’s non-GAAP earnings per share by approximately 12 cents. The company …

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