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Mentor to Buy Mechanical Design Software Line

Published: 03 September 2013
 by Staff

LOWELL, MA -- Mentor Graphics will acquire SofTech's CADRA line of mechanical design and drafting software for up to $4 million, depending on future sales. Mentor will initially pay $3.2 million for the product line, plus earn-out payments of up to $750,000 based on 10% of CADRA revenue generated by Mentor in the three-year period following the closing.

Closing is expected to occur no later than Nov. 30, subject to approval by two-thirds of SofTech's shareholders.

The CADRA line was developed in 1983.

Have you registered for PCB West, the Silicon Valley's largest printed circuit board trade show? Sept. 24-26, at the Santa Clara Convention Center. www.pcbwest.com


 

 

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