DLA Piper advised Siemens Digital Industries Software on the deal. Springer Kuss advised Azini Capital.
Siemens Digital Industries Software completed its acquisition of the OneSpin Solutions Group from Azini Capital. Siemens’ acquisition of OneSpin Solutions is expected to close in the second quarter of calendar year 2021. Further terms of the transaction are confidential.
Siemens plans to add OneSpin Solutions technology to the Xcelerator™ portfolio as part of its industry-leading suite of electronic design automation (EDA) IC verification offerings. Automated apps are increasingly critical to successful formal verification flows.
Headquartered in Munich, OneSpin Solutions is a leading provider of formal verification software that helps ensure integrated circuit (IC) integrity and enables functionally correct, safe, trustworthy and secure IC designs.
Siemens Digital Industries Software is a subsidiary of Siemens AG. With around 293,000 employees worldwide Siemens AG is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. In fiscal 2020, which ended on 30 September 2020, the Siemens Group generated revenue of EUR57.1 billion.
The DLA Piper team advising Siemens was led by partner Gerald Schumann (Picture; Corporate/M&A) and included partners Dr Jan Geert Meents (IPT) and Dr Thilo von Bodungen (Commercial), counsel Dr Christoph Dachner, senior associate Hanna Lütkens as well as associates Jessica Herrmann (all Corporate/M&A) and Betina Fischer (Commercial, all Munich). DLA Piper offices in Japan and the USA were also involved.
The Springer Kuss team included Dr. Ulrich Spr inger, Dr. Michael Kuss, Dr. Aris Marinello and Niels Schwaiger.
Involved fees earner: Christoph Dachner – DLA Piper; Betina Fischer – DLA Piper; Jan Geert Meents – DLA Piper; Jessica Herrmann – DLA Piper; Hanna Lütkens – DLA Piper; Gerald Schumann – DLA Piper; Thilo von Bodungen – DLA Piper; Michael Kuss – Springer Kuss Rechtsanwälte; Aris Marinello – Springer Kuss Rechtsanwälte; Niels Schwaiger – Springer Kuss Rechtsanwälte; Ulrich Springer – Springer Kuss Rechtsanwälte;