We are glad to announce that our firm has acted as counsel to Cadence Design Systems, on all Greek law matters relating to the signing of a definitive agreement for the acquisition of BETA CAE Systems International AG, a leading system analysis platform provider of multi-domain, engineering simulation solutions operating its primary R&D center in Thessaloniki, Greece for a purchase price of approximately US$1.24 billion. 60 percent of the consideration will be paid in cash and 40 percent will be paid through the issuance of Cadence common stock to current BETA CAE shareholders.

Initially established in Thessaloniki, Greece, BETA CAE, incorporated in Switzerland, has expanded worldwide with 13 offices and has become a highly respected industry leader, well-known for its groundbreaking, innovative, high-performance simulation software and best-in-class services.

This is one of the most significant transactions in the country’s technology sector and one of the largest M&A transactions in Greece in recent years.

Our team was led by Partner, Catherine Karatzas with Senior Associate Vassilis Goulielmos, assisted by Associates Katerina Stathakarou and Apostolos Latsonas. Our team was further assisted on employment matters by Partner, Angeliki Tsatsi, Senior Associate AIKATERINI TOUMPANOU and Associates, Sotiris Goulas and Anna Pechlivanidi, on Real Estate matters by Senior Associate, Argyro Vagia and Associate Mara Skiada, on Intellectual Property and Data Protection matters by Associate, Dimitra Karampela, Associate Panagiotis Kontizas and Trainee Lawyer, Thanasis Christou and on Tax matters by Partner, Georgios Minoudis.

For more information: https://www.cadence.com/en_US/home/company/newsroom/press-releases/pr/2024/cadence-to-acquire-beta-cae-expanding-into-structural-analysis.html