Mentor Graphics on shopping tour at Freescale

Mentor also acquired one key commercial contract under the acquisition. Renee Mitchell, director, corporate strategy and business transformation for Freescale, said, "As a responsible supplier it was important to Freescale that Virtual Garage was transferred to the right new owner. Mentor Graphics has world-leading expertise in automotive electrical and electronic design, and the global reach needed to support automotive customers. Although we considered other expressions of interest, it was clear that Mentor is the best company to take Virtual Garage forward." Following this technology acquisition, Virtual Garage will be incorporated into Mentor's automotive industry product portfolio.