Altium

Renesas Electronics has agreed to acquire electronics design firm Altium Limited for $5.9 billion in cash. The acquisition aims to provide digital device design to customers.

Renesas Electronics Corporation has entered into an agreement to acquire Altium Limited, a global leader in electronics design systems, for A$68.50 per share, representing a total equity value of approximately A$9.1 billion.

Altium Limited announced the acquisition of Upverter, Inc., a developer of a fully-cloud, fully-collaborative electronics design system based in Toronto, Canada. The entire Upverter team, including CEO Zak Homuth, will join Altium.