Cadence will pay approximately $1.24 billion with 60% in cash – part of it borrowed – and the rest from an issue of Cadence common stock.
Increasing system complexity and time-to-market pressures from accelerating mechanical and electrical hyperconvergence, along with the digital transformation in multiple industries, are driving the need for multiphysics simulations early in the design cycle.
Over the past few years, Cadence has expanded its system analysis portfolio to build out a comprehensive multiphysics platform including electromagnetics (EM), electrothermal (ET) and computational fluid dynamics (CFD) solutions, and with BETA CAE, Cadence will enter structural analysis, the largest system analysis segment.
BETA CAE’s portfolio includes its flagship pre- and post-processing products, mechanical and structural simulation and multiphysics analysis, and simulation, process, data, and resources management (SPDRM) products.
In the automotive vertical sector, BETA CAE supplies the top 10 global automobile manufacturers and most Formula One racing teams, as well as leading customers in the aerospace, industrial and healthcare industries. Cudtomers include Honda, GM, Stellantis, Renault, Volvo and Lockheed Martin.
BETA CAE provides a comprehensive offering that accommodates the entire simulation and analysis flow for multiphysics system simulations, spanning mechanical/structural, CFD and EM.
Its flagship products include ANSA, an advanced, multidisciplinary computer-aided engineering (CAE) pre-processor that encompasses all necessary functionality for full-model build up in a single, cohesive, integrated environment, and META, an advanced, multidisciplinary CAE post-processor for optimally visualizing data and simulation results and creating reports, powered with state-of-the-art augmented reality capabilities.
Additionally, BETA CAE’s EPILYSIS and FATIQ solvers enable customers to efficiently solve structural analysis and optimization problems.
The SPDRM tool addresses the integrated orchestration of data, processes and resources by providing a simple and intuitive way to capture, deploy, manage and improve CAE processes. BETA CAE’s products are very complementary to Cadence’s multiphysics system analysis portfolio, which includes Clarity, Celsius, Sigrity, Voltus, Fidelity and the recently announced Millennium M1 multiphysics platform, addressing the EM, thermal, signal and power integrity, and CFD domains.
Headquartered in Lucerne, Switzerland, BETA CAE has a primary R&D center in Thessaloniki, Greece and 13 additional offices worldwide.
BETA CAE has annual revenue of about $90 million, and Cadence expects BETA CAE to contribute approximately $40 million to 2024 revenue.
