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article imageSiemens acquires Canada-based Solido Design Automation Inc

By Karen Graham     Nov 21, 2017 in Technology
Siemens has entered into an agreement to acquire Saskatoon, Canada-based Solido Design Automation Inc., a leading provider of software to semiconductor companies worldwide.
Four days after announcing the company would eliminate two percent of its workforce, Siemens announced on Tuesday they would buy Solido Design Automation, the Saskatchewan specialist in variation-aware design and characterization software for the semiconductor industry.
Further Reading: German giant Siemens plans to shed around 6,900 jobs
Variation-aware design and characterization software has become fundamental in the design of complex integrated circuits (ICs) that combine analogue and mixed signal circuitry. Solido's machine learning-based products are currently used in production at over 40 major companies, enabling them to design, verify, and manufacture more competitive products.
Joe Kaeser  CEO of German engineering giant Siemens AG  speaks at the annual press conference in Ber...
Joe Kaeser, CEO of German engineering giant Siemens AG, speaks at the annual press conference in Berlin on November 7, 2013
Johannes Eisele, AFP/File
Solido acquisition will expand Mentor Graphics portfolio
Siemens acquired Mentor Graphics, a leader in design automation software ranging from IC and System-on-Chip (SoC) design to automotive electronics solutions, in November 2016.
“Siemens is acquiring Mentor as part of its Vision 2020 concept to be the Benchmark for the New Industrial Age. It’s a perfect portfolio fit to further expand our digital leadership and set the pace in the industry,” said Joe Kaeser, President, and CEO of Siemens AG on November 14, 2016.
Picture taken on October 12  2011 shows the logo of the German industrial giant Siemens AG  at the h...
Picture taken on October 12, 2011 shows the logo of the German industrial giant Siemens AG at the historic construction plant in Berlin
Michele Tantussi, AFP/File
In a press release dated November 20, 2017, Siemens said: "The acquisition of Solido further expands Mentor's analog/mixed-signal (AMS) verification portfolio to help customers address the growing challenges of IC design and verification for automotive, communications, data-center computing, networking, mobile, and IoT applications."
The terms of the acquisition were not disclosed. However, the transaction is expected to be completed in early December 2017. Siemens PLM Software is a business unit of the Siemens Digital Factory Division, with headquarters in Plano, Texas.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. At the end of September 2017, the company had around 372,000 employees worldwide.
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