It does, and this makes me nervous that they’ll screw it up. I’m a user of Apple Logic Pro and they’ve done a decent job of keeping it going for what, fifteen plus years? But I can’t offhand think of any other popular acquisition that they’ve improved upon and the kept improving off the top of my head (I’m sure there’s more that I’m not thinking of, maybe CUPS) without just sorta forgetting. At least there’s still Acorn.
The "Shortcuts" app was an acquisition and is fairly powerful as a graphical system automation app. I created a shortcut that looks up the overnight weather at my home, and determines if it needs to turn on the AC to run for ~30 minutes before I go to bed so the room is comfortably cool.