WILSONVILLE, OR — Mentor Graphics today finalized its acquisition of Valor Computerized Systems in a $50 million deal that merges one of the world's largest PCB design software suppliers with the largest PCB collaboration software provider.

Under terms of the deal, Mentor paid approximately 5.6 million shares of stock and $32.5 million in cash to acquire Valor, its IP and employees, and its cash of approximately $29 million. The deal was subject to several regulatory reviews, the last of which was completed earlier this month.

Valor's revenues for its last reported full year ended Dec. 31, 2008, were approximately $40 million.

Mentor said the acquisition makes it the first major EDA vendor to extend its scope into the market for PCB systems manufacturing solutions. The firm asserts the move will help electronics companies to eliminate technical barriers and inefficiencies between design and manufacturing.

Valor will be positioned as a separate operating unit within Mentor, and will continue to focus on manufacturing solutions, and integration of design for manufacturing functionality into PCB design software environments. Valor CEO Dan Hoz becomes general manager of the Valor division of Mentor Graphics. 

"Valor’s expertise and products in the manufacturing segment are an excellent fit to Mentor’s in the PCB design area as together we provide a concept-through-manufacturing design solution to our customers,” said Mentor Systems Design Division vice president and general manager Henry Potts in a press release. “This acquisition will reinforce our position in PCB design while enabling Valor to leverage the strengths of Mentor and accelerate [its] delivery of differentiated design for manufacturing and manufacturing execution products.”