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National Instruments has signed a definitive
merger agreement under which NI will
acquire AWR Corporation (AWR). AWR is a
leading supplier of electronic design automation
(EDA) software for designing RF and high-frequency
components and systems for the semiconductor,
aerospace and defense, communications and test
equipment industries. Upon the closing of the
transaction, AWR will continue to operate as a wholly
owned NI subsidiary under the leadership of the
existing management team.
The fast design cycles and increasing complexity of
RF and wireless systems demand better integration
between design and test. RF system designers need to
validate their simulations with actual measurements,
while RF test engineers need to increase test reuse and
decrease test time through more design integration.
By increasing the effectiveness of the integration
between AWR design tools and NI software and
hardware, NI and AWR together can significantly
improve customer productivity through increased
connectivity between design, validation and
production test functions.
The aggregate purchase price to be paid at closing is
approximately $58 million, which includes $7 million
in cash on the AWR balance sheet. In addition, the
merger agreement contains an earn-out provision,
which is payable over three years. The transaction is
expected to close within 30-45 days and is subject to
customary closing conditions including Hart-Scott-
Rodino regulatory clearance, an NI statement said.
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