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35 Billion Dollars! Synopsys acquires simulation software company Ansys

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Update time : 2024-01-26 13:58:29
        On January 16, Synopsys and Ansys announced that they have entered into a definitive agreement for Synopsys to 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 share of Ansys stock, for a total acquisition  value of approximately $35 billion. The acquisition of Ansys will further strengthen Synopsys' capabilities in the areas of chip-to-system design solutions.
 
 
        Sassine Ghazi, Global President and CEO of Synopsys, said: "In the face of increasing system complexity, the development of dominant trends such as artificial intelligence, surging demand for silicon, and software-defined systems require higher computing performance and efficiency. The strong combination of Synopsys' world-leading EDA solutions and Ansys' advanced simulation and analysis technologies will enable us to provide a comprehensive, robust and seamlessly integrated chip-to-system innovation paradigm that will help technology development teams across a wide range of industries maximize their development capabilities." 
        The complexity of today's smart systems requires semiconductor design to be integrated with simulation and analysis to ensure that connected smart systems function properly in real-world environments. Combining Synopsys' world-leading EDA technology with Ansys' proven simulation and analysis capabilities provides customers with a comprehensive, robust and innovative system-centric approach. At the same time, Synopsys and Ansys have complementary businesses with significant room for expansion. The merger will further strengthen Synopsys' "chip-to-system" strategy in both core EDA areas, where Ansys has an established presence and successful market experience, and in promising emerging growth areas such as automotive, aerospace and industrial manufacturing. 
        The combined company is expected to realize approximately $400 million in operating cost synergies in the third year of the transaction, approximately $400 million in operating revenue synergies in the fourth year of the transaction, and over $1 billion in annual synergies over the long term. 
        Under the terms of the agreement, it is expected that Ansys shareholders will own a pro forma equity interest of approximately 16.5% in the combined company. The transaction is expected to close in the first half of 2025, subject to the approval of Ansys shareholders, receipt of necessary regulatory approvals and other customary closing conditions.

 
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