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01/2026

ASTER TECHNOLOGIES acquired by SIEMENS

FRANCE Software / Industry-Specific Software / Electronics / Manufacturing REV 0M - 5M EUR

Context

Siemens acquired ASTER Technologies to create a comprehensive "shift-left" design-to-manufacturing flow for printed circuit board assemblies (PCBA). By integrating ASTER's DFT and test coverage analysis tools, Siemens enables customers to detect defects earlier in the design cycle, reducing costs and accelerating time-to-market. The move addresses the growing complexity of 5G and automotive electronics, where safety and reliability standards are increasingly stringent. ASTER will be integrated into Siemens' EDA (Electronic Design Automation) business unit.

ASTER TECHNOLOGIES, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

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Target

Founded in 1993, ASTER Technologies is a leading provider of board-level testability analysis and digital manufacturing software. Its flagship product, TestWay™, allows electronics manufacturers to optimize test strategies early in the design phase (shift-left). The company specializes in Design for Test (DFT) and Design for Manufacturing (DFM) solutions for high-end electronics in sectors like Automotive, 5G, and HPC.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

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REFERENCES

Revenue range: 0M - 5M EUR

EBITDA range: 0M - 5M EUR

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: siemens