Siemens acquired Mentor Graphics for an enterprise value of US$4.5bn, or US$37.25 per share, in cash. Based on the closing price of 11 November, Siemens paid a premium of 21%. The closing of the deal is expected in Q2 16/17 (end of March). Mentor Graphics will be part of the PLM software business and integrated into the Digital Factory division. The valuation of the company is quite ambitious. Siemens is paying EV/Sales (2017E) 3.7x, EV/EBITDA 23.1x and EV/EBIT 34.3x. Siemens’ managemen
14 Nov 2016
Mentor Graphics, a perfect but expensive match
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Mentor Graphics, a perfect but expensive match
Siemens Aktiengesellschaft (SIE:WBO) | 0 0 0.4% | Mkt Cap: 93,908m
- Published:
14 Nov 2016 -
Author:
Heinz Steffen -
Pages:
3
Siemens acquired Mentor Graphics for an enterprise value of US$4.5bn, or US$37.25 per share, in cash. Based on the closing price of 11 November, Siemens paid a premium of 21%. The closing of the deal is expected in Q2 16/17 (end of March). Mentor Graphics will be part of the PLM software business and integrated into the Digital Factory division. The valuation of the company is quite ambitious. Siemens is paying EV/Sales (2017E) 3.7x, EV/EBITDA 23.1x and EV/EBIT 34.3x. Siemens’ managemen