PARIS EDA vendor Mentor Graphics Corp. announced it has completed the acquisition of Israel's Valor Computerized Systems Ltd. for about $82 million in cash and stock.
Under the terms of the transaction, Mentor (Wilsonville, Oregon) said it has paid about 5.6 million shares of Mentor stock and $32.5 million in cash.
By acquiring Valor, Mentor said it enters the market for PCB systems manufacturing solutions and will be better positioned to overcome "the long-standing technical barriers and inefficiencies between the worlds of design and manufacturing."
Commenting on the acquisition, Henry Potts, vice president and general manager of the Systems Design Division of Mentor Graphics, declared: "Valor's expertise and products in the manufacturing segment are an excellent fit to Mentor's in the PCB design area as together we provide a concept-through-manufacturing design solution to our customers."
Potts continued: "This acquisition will reinforce our number one position in PCB design while enabling Valor to leverage the strengths of Mentor and accelerate their delivery of differentiated design for manufacturing and manufacturing execution products."
Valor (Yavne, Israel) provides productivity improvement software solutions for the printed circuit board manufacturing supply chain. Valor's solutions target three segments in the pc board manufacturing market: design of the physical layout of the pc board, fabrication of the bare pc board and assembly of pc board components.
For its last reported full year, ending Dec. 31, 2008, Valor published revenues of about $40 million.