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Mentor Increases Investment in Flomerics |
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Written by Philip Buonpastore
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Thursday, 20 March 2008 |
LONDON - Design automation group Mentor Graphics has purchased an additional stake in fluid flow simulation specialist the Flomerics Group, increasing its investment to near 26%.
Mentor bought a 20% stake late last week, acquiring its initial holding in Flomerics from
Pricap Venture Partners AG.
On March 18th, Flomerics reported that Bluehone
Investors LLP had sold its approximate 6% share in the company to
Mentor.
Mentor has since confirmed in a stock exchange filing that it now holds
a 25.77% stake in Flomerics. There is speculation that Mentor
could be looking to acquire the
company.
"Mentor Graphics has been investing in thermal analysis for years as
part of our printed circuit board design business. It is a growing and
important area of design. We see this as another strategic
investment in this space," commented Mentor's Ry Schwark.
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