Cadence Design Systems Inc (NASDAQ: CDNS) recently concluded the acquisition of Switzerland-based BETA CAE Systems International AG. The acquisition was announced in March 2024. Back then, CDNS had highlighted that the deal involved Cadence paying approximately $1.24 billion, with 60% of the consideration in cash and 40% through the issuance of Cadence stock to BETA CAE shareholders. Headquartered in Lucerne, BETA CAE specializes in offering multi-domain, engineering simulation solutions. BETA CAE offers a comprehensive platform that supports mechanical/structural, CFD and EM simulations, as well as the full simulation and analysis flow for multiphysics system simulations. Its flagship products include ANSA and META. BETA CAE has a heavy presence across several verticals, particularly in the automotive sector. Its products complement Cadence's system analysis portfolio. Cadence Design Systems, Inc. Price and Consensus Cadence Design Systems, Inc. price-consensus-chart | Cadence Design Systems, Inc. Quote The acquisition could enhance Cadence's Intelligent System Design strategy by broadening its range of multiphysics system analysis offerings and helping Cadence enter the structural analysis vertical. BETA CAE had approximately $90 million as annual revenues. CDNS expects BETA CAE to contribute around $40 million to the company's 2024 revenues. However, the acquisition is expected to dilute Cadence's non-GAAP earnings per share by approximately 12 cents. The company ...