Renesas Buys Altium
The combination sets the foundation for Renesas and Altium to create an electronics system design and lifecycle management platform, the companies report.
Renesas finalizes acquisition of Altium. Image courtesy of Renesas.
August 2, 2024
Renesas Electronics Corp., a supplier of advanced semiconductor solutions, and Altium Ltd., a global leader in electronics design systems, reports the successful completion of the acquisition of Altium by Renesas. The definitive agreement to acquire Altium was first announced on February 15, 2024.
The combination sets the foundation for Renesas and Altium to create an electronics system design and lifecycle management platform. The platform will deliver integration and standardization of various electronic design data and functions and enhanced component lifecycle management, while enabling digital iteration of design processes to increase productivity.
“This is a historical milestone for both Renesas and Altium as we take another important step forward in bringing enhanced user experience for electronics system designers,” says Hidetoshi Shibata, CEO of Renesas. “The integrated and open electronics system design and lifecycle management platform we aim to build together will make electronics accessible to broader market, for any enterprises regardless of their size or industry. With the addition of Altium’s design software and cloud platform capabilities, we are excited to change the future of electronics system design with Aram and his industry-leading, talented software engineering team.”
With the transaction closed, Altium is a wholly owned subsidiary of Renesas. Altium CEO Aram Mirkazemi has assumed the role of senior vice president and head of Renesas’ Software & Digitalization. He concurrently serves as CEO of Altium.
“This is a pivotal moment for Altium and marks the beginning of an exciting future with Renesas,” says Aram Mirkazemi, CEO of Altium. “With Renesas’ support and expertise, we are looking forward to accelerating the cloud-enablement of all industry processes associated with electronics design and development. This will make electronics accessible to a broader market and lay the foundation for software defined products.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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