AUSTIN, TX -- National Instruments has signed a definitive agreement to acquire AWR, a supplier of electronic design automation software for RF and high-frequency components and systems, for $58 million.

The transaction is expected to close within 30 to 45 days. Upon closing, AWR will operate as a wholly owned subsidiary under its current management team. The aggregate purchase price is approximately $58 million, which includes $7 million in AWR's cash on hand.

NI said the deal will enhance the integration between AWR's design tools and NI's software and hardware, improving design, validation and production test.

"AWR has an exceptional team with strong RF talent and technologies that expand the NI platform into RF design, which is complementary to our capability to make measurements across the RF design flow," said Dr. James Truchard, president, CEO and cofounder of National Instruments. "We believe this combination will accelerate the deployment of RF and wireless technologies and offers a significant benefit to the customers of both companies."

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