# Siemens to acquire Avery Design Systems

Siemens Digital Industries Software has agreed to acquire Avery Design Systems, a verification IP supplier based in Tewksbury, Massachusetts. The acquisition is expected to close in the first quarter of fiscal year 2023.

- Type: Acquisition
- Announced: 2022-11-03
- Where: Tewksbury, Massachusetts, United States
- Status: announced
- Products: verification IP, electronic design automation software
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Siemens](https://endata.com/companies/301.md) (acquirer)
- [Avery Design Systems](https://endata.com/companies/66391.md) (target)

## Sources

- [newelectronics.co.uk](https://www.newelectronics.co.uk/content/news/siemens-to-acquire-avery-design-systems), 2022-11-03: "The acquisition of Avery further extends Siemens’ leadership in the verification space, adding Avery’s impressive Verification Protocol and Compliance Test Suite offerings."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.