News | Synopsys acquires Ansys to create a leader in silicon-to-system design solutions

Synopsys (NASDAQ: SNPS) and Ansys (NASDAQ: ANSS) today announced that they have entered into a definitive agreement under which Synopsys will acquire Ansys. Under the terms of the agreement, Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share, representing an enterprise value of approximately $35 billion based on the closing price of Synopsys common stock on December 21, 20233. Combining Synopsys' leading semiconductor electronic design automation (EDA) with Ansys' broad portfolio of simulation and analysis products will create a leader in solutions from silicon to system design.

"In the face of growing system complexity, the megatrends of artificial intelligence, silicon diffusion, and software-defined systems demand greater computing performance and efficiency. "Combining Synopsys' industry-leading EDA solutions with Ansys' world-class simulation and analysis capabilities will allow us to deliver a comprehensive, robust and seamlessly integrated approach to silicon-to-system innovation to help maximize the capabilities of technology development teams across industries." Sassine Ghazi, President and Chief Executive Officer of Synopsys. "This is the next step in our successful seven-year partnership with Ansys, and I look forward to working closely with Ajei and the Ansys team to realize the benefits of this combination for our customers, shareholders and employees."

Aart de Geus, Executive Chairman and founder of ScienceTech, said: "Since its founding 37 years ago, ScienceTech has been an innovation pioneer, playing a central role in changing the world in semiconductors such as computing, networking and mobility, and is now enabling a new era of 'universal intelligence'." "The partnership with Ansys, a company we know well from our long-standing partnership, is the latest example of Synopsys staying ahead of the curve. Our Board of Directors and management team carefully evaluated our top strategic options to lead and win this new wave of rapidly growing electronics and systems design. This technology expansion partnership with Ansys is an ideal, value-enhancing step for our company, our shareholders and the innovative customers we serve."

"For more than 50 years, Ansys has enabled customers to design, develop and deliver cutting-edge products that are limited only by imagination. Ajei Gopal, president and CEO of Ansys, said: "Through this partnership with Synopsys, we will expand our joint efforts to drive customer innovation to the next level. "This transformative combination brings together the highly complementary capabilities of both companies to meet the changing needs of today's engineers and give them unprecedented insight into product performance." Ansys has a solid foundation and is expected to exceed the high end of our guidance, as evidenced by preliminary annual Contract Value (" ACV ") results for the fourth quarter. I am confident that building on our partnership with Synopsys, we will deliver even greater value to our customers, partners and shareholders." The combined company will accelerate the development of our combined product portfolio and deliver a higher level of innovation that will benefit Ansys' traditional customers." I am proud of what our employees do every day to contribute to the success of Ansys and our customers, and look forward to even greater accomplishments for the combined company in this new chapter."

Data reference:

Source: Ansys

Link:  [https://www.ansys.com/]

Page Title: [Synopsys to Acquire Ansys, Creating a Leader in Silicon to Systems Design Solutions]