Renesas to acquire Altium for US$5.9 billion, expanding auto design capabilities

News
M&A

The deal is expected to close in late 2024, pending approvals and customary closing conditions

Renesas Electronics, a Japanese electronics company, has announced its plan to acquire Altium, an Australian-based electronics design firm, for $5.9 billion in cash, as reported by Reuters on Feb. 15.

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