DLA Piper advises Siemens AG on the acquisition of OneSpin Solutions Group from Azini Capital

DLA Piper advises Siemens Digital Industries Software on the planned acquisition of the OneSpin Solutions Group from Azini Capital. OneSpin Solutions is a leading provider of formal verification software that helps ensure integrated circuit (IC) integrity and enables functionally correct, safe, trustworthy and secure IC designs. Siemens’ acquisition of OneSpin Solutions is expected to close in the second quarter of calendar year 2021. Further terms of the transaction are confidential.

Siemens plans to add OneSpin Solutions technology to the Xcelerator™ portfolio as part of its industry-leading suite of electronic design automation (EDA) IC verification offerings. Automated apps are increasingly critical to successful formal verification flows.

Headquartered in Munich, OneSpin Solutions provides a broad portfolio of formal applications (apps) for assuring IC designs operate as intended under the most adverse environmental conditions across key growth markets.

Siemens Digital Industries Software is a subsidiary of Siemens AG. With around 293,000 employees worldwide Siemens AG is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. In fiscal 2020, which ended on 30 September 2020, the Siemens Group generated revenue of EUR57.1 billion.

The DLA Piper team was led by partner Gerald Schumann (Corporate/M&A) and included partners Dr Jan Geert Meents (IPT) and Dr Thilo von Bodungen (Commercial), counsel Dr Christoph Dachner, senior associate Hanna Lütkens as well as associates Jessica Herrmann (all Corporate/M&A) and Betina Fischer (Commercial, all Munich). DLA Piper offices in Japan and the USA were also involved.