Synopsys to buy Ansys for $35 bn, creating US software giant

January 17, 2024 | 09:34

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Synopsys, a leader in software design for semiconductors, agreed to acquire simulation company Ansys for $35 billion, the companies announced Tuesday.

In combining the companies, the stock and cash deal will make use of artificial intelligence and other advances to promote innovation across a variety of sectors, Synopsys Chief Executive Sassine Ghazi said in a news release.

"The megatrends of AI, silicon proliferation and software-defined systems are requiring more compute performance and efficiency in the face of growing, systemic complexity," Ghazi said.

Bringing the companies together "will enable us to deliver a holistic, powerful and seamlessly integrated silicon-to-systems approach to innovation to help maximize the capabilities of technology R&D teams across a broad range of industries."

A joint press release identified growth potential in automative, aerospace and industrial sectors where Ansys has established business.

With the $19 billion in cash and an exchange of shares, Synopsys is paying a premium of 35 percent over Ansys' 60-day adjusted average through December 21, implying $390.19 per share for Ansys, said the press release.

Shares of Ansys fell 5.4 percent to $327.62, while Synopsys rose 2.7 percent to $507.85.

By AFP

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