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Mentor Graphics Polska Sp. z o.o Merge into Siemens Industry Software Sp. Z.o.o.November 3, 2021 | Mentor Graphics
Estimated reading time: 1 minute
Mentor Graphics Polska Sp. z o.o plans to merge into Siemens Industry Software Sp. Z.o.o. in the first quarter of 2022.
Therefore, the companies have jointly agreed on a Terms of Merger of Companies. The agreed Terms of Merger, after their publication, will be submitted to the competent register court of each respective company.
The merger will be executed by way of merger by acquisition, according to Article 492 (1) point 1 CCC, i.e., the transfer of all assets of the acquired company by way of universal succession, to the Acquiring Company. Upon the consent of the shareholder of both merging companies the merger procedure will be simplified by withdrawal from some non-obligatory stages, including examination of the terms of merger by the expert appointed by the register court and preparation of the report justifying merger by the Boards of both companies.
Having regard to the fact that the both merging companies have the same sole shareholder, i.a. Siemens Beteiligungen Europa GmbH, the planned merger will not change the shareholders’ structure of Siemens Industry Software sp. z o.o.
Execution of the merger will require amendment of the Articles of Association and increase of the share capital of the Acquiring Company (Siemens Industry Software sp. z o.o.) by establishing additional shares for Siemens Beteiligungen Europa GmbH in exchange for the assets of Mentor Graphics Polska sp. z o.o. being merged into Siemens Industry Software sp. z o.o.
The Boards of Mentor Graphics Polska sp. z o.o. and Siemens Industry Software sp. z o.o., pursuant to Article 500 (21) of the CCC publish on their websites the agreed Terms of Merger.
One of my great joys as a grandfather of eight is spending time with them at the park. It doesn't take too long until I'm getting stuck on a slide that is too small for me or on the seesaw, with me on one side and them trying to lift me. At that point, they learn some harsh lessons in physics and how heavy Grandpa really is. A seesaw is a relatively simple device, but it’s a great way to explain a rather complex concept in PCB design: design tradeoffs. Each decision made throughout a design comes with inherent pros and cons.
Spirit AeroSystems, Inc. announced the grand opening of its Engineering Design Center in Subang, Malaysia, that expands the company’s global engineering capabilities, during opening day of the 2024 Singapore Air Show.
It’s been another busy week in the industry. We lost another old friend last week. The EIPC show happened, and Pete Starkey provided us with complete and compelling show coverage, from start to finish. Recently, we posed the question, “When is it time to introduce embedded components into your PCB design?” which was asked and answered by design aficionado Kris Moyers in the latest issue of Design007 Magazine. We are proud to be a part of the exciting Global Insights weekly newsletter, which Nolan Johnson and Brian Knier explored in their interview, and we rounded out the week with some big merger news. Here are my picks for the past week’s must-read news items.
ROCKA Solutions is pleased to announce its partnership with Vega Industries, Inc., a manufacturer of premium-quality driver bits and fastener driving tools. Under this collaboration, ROCKA Solutions is a distributor for Vega Industries' top-notch tools designed for precision and durability.
Aismalibar will be attending the APEC, the leading conference for practicing power electronics professionals, in Long Beach, California from February 25th to 29th, 2024 in Booth 552. Aismalibar will be presenting new cooling technologies for power electronics, specifically Thermal Interface Materials (TIMs) and Insulated Metal Substrates (IMS).