A local company is expanding its capabilities through an acquisition. Plano-based Siemens Digital Industries Software has agreed to acquire Precision Innovations Inc, a company based in San Diego…
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A local company is expanding its capabilities through an acquisition. Plano-based Siemens Digital Industries Software has agreed to acquire Precision Innovations Inc, a company based in San Diego. The acquisition is expected to add new tools to Siemens' offerings, specifically AI-powered chip design tools.
Further details about the acquisition, including the terms of the deal, are not disclosed, but the companies expect it to close in the third quarter, according to the announcement from Siemens Digital Industries Software.
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