Mergers and Acquistions News
Categories: Hardware, Software
October 13th 2009, 17:03PM
Mentor Graphics Corporation, a leading company in the electronic hardware and software design solutions industry, has signed a merger agreement under which it will acquire Valor.
Valor, which is a global provider of productivity improvement software solutions for the printed circuit board (PCB) manufacturing supply chain, will be acquired by Mentor for an aggregate consideration of approximately $82 million (£51.7 million), or $4.60 (£2.90) per Valor share.
The transaction is subject to the approval of Valor shareholders and is scheduled to close during the first calendar quarter of 2010, after which Valor will become a wholly-owned subsidiary of Mentor Graphics.
The news follows the acquisition of Logicvision by Mentor Graphics in August, a move which was designed to enhance the firm's ability to provide customers with integrated solutions to address the growing complexity of silicon testing.
"We believe the combination of the Mentor and LogicVision silicon test solutions will enable them to address all aspects of their full-chip test requirements with a unified test platform," commented Mentor Graphics chief executive officer Walden C Rhines at the time of the deal.
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