WASHINGTON (dpa-AFX) - Cadence Design Systems, Inc. (CDNS) announced on
Tuesday that it has agreed to acquire BETA CAE Systems International AG, a top
provider of multi-domain, engineering simulation solutions.

This move is set to strengthen Cadence's Intelligent System Design strategy by
expanding its system analysis offerings and allowing entry into the structural
analysis sector.

The acquisition, valued at around $1.24 billion, will involve 60 percent cash
payment and 40 percent issuance of Cadence common stock to current BETA CAE
shareholders.

To finance the cash aspect of the deal, Cadence plans to secure new debt
financing.

The acquisition is slated to be completed in the second quarter of 2024.



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