The acquisition will enable the two companies to establish an integrated and open electronics system design and lifecycle management platform that will allow for collaboration across component, subsystem, and system-level design. For Renesas it represents the company’s first significant step in enhancing the user experience at the system level for electronics system designers.
Renesas and Altium aim to build an integrated and open electronics system design and lifecycle management platform that unifies the various development steps at a system level.
The acquisition brings together Altium’s sophisticated cloud platform capabilities with Renesas’ portfolio of embedded solutions. The combination will also enable integration with third-party vendors across the ecosystem to execute all electronic design steps on the cloud.
The electronics system design and lifecycle management platform will deliver integration and standardisation of various electronic design data and functions and enhanced component lifecycle management, while enabling the seamless digital iteration of design processes to increase overall productivity.
“Development processes continue to evolve and accelerate, and our vision is to make electronics design accessible to the broader market to allow more innovation through a cloud-based platform,” said Hidetoshi Shibata, CEO of Renesas. “The addition of Altium will enable us to deliver an integrated and open development platform, making it easier for businesses of all sizes and industries to build and scale their systems.”
The transaction has been approved by the boards of directors of both companies and is expected to close in the second half of 2024.
It follows Renesas recent decision to buy GaN IC specialist Transphorm for $339 million.
