MUNICH, Germany, Nov. 14 (UPI) -- German engineering company Siemens AG announced Monday it will acquire U.S.-based Mentor Graphics Corp. for $4.5 billion.
Mentor, based in Wilsonville, Ore., sells computer hardware and software to design electronics for the semiconductor, automotive and transportation industries, and has 5,700 employees in 32 countries. Siemens said in a statement Monday that Mentor's proficiencies fit into its "Vision 2020" goals by providing industrial software.