23 January 2024 | Synopsys and Ansys have officially agreed to a strategic acquisition deal, positioning Synopsys (NASDAQ: SNPS) to acquire Ansys (NASDAQ: ANSS).
The terms of the agreement outline that Ansys shareholders will receive $197.00 in cash along with 0.3450 shares of Synopsys common stock for each Ansys share. This transaction translates to an enterprise value of approximately $35 billion, determined based on the closing price of Synopsys common stock on December 21, 2023.
By merging Synopsys’ innovative semiconductor electronic design automation (EDA) capabilities with Ansys’ extensive simulation and analysis portfolio, the collaboration aims to establish a preeminent leader in comprehensive silicon to systems design solutions.
In response to the evolving landscape shaped by megatrends such as AI, silicon proliferation, and software-defined systems, the demand for enhanced compute performance and efficiency amidst growing systemic complexity has intensified. Synopsys envisions that the synergy between its industry-leading EDA solutions and Ansys’ top-tier simulation and analysis capabilities will provide a holistic, potent, and seamlessly integrated approach to silicon to systems innovation. Sassine Ghazi, President and CEO of Synopsys, expressed enthusiasm about the logical progression of this collaboration, building on the successful seven-year partnership with Ansys. Ghazi looks forward to close collaboration with Ajei and the talented Ansys team to unlock the myriad benefits for customers, shareholders, and employees resulting from this strategic combination.
“Since inception 37 years ago, Synopsys has been an innovation pioneer, central to world-changing semiconductor advances in computation, networking, and mobility, and now enabling the new era of ‘pervasive intelligence’,” said Aart de Geus, Executive Chair and Founder of Synopsys. “Joining forces with Ansys, a company we know well from our long-standing partnership, is the latest example of how Synopsys remains at the forefront. Our Board and management team carefully evaluated our top strategic options to lead and win in this fast-growing new wave of electronics and system design. The technology-broadening team-up 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. By joining forces with Synopsys, we will amplify our joint efforts to drive new levels of customer innovation,” said Ajei Gopal, President and CEO of Ansys. “This transformative combination brings together each company’s highly complementary capabilities to meet the evolving needs of today’s engineers and give them unprecedented insight into the performance of their products. Ansys has a strong foundation, as demonstrated by preliminary annual contract value (“ACV”) results for Q4 that are expected to exceed the high end of our guidance, and I am confident that building on our partnership with Synopsys will position us well to deliver even greater value for our customers, partners and shareholders. The combined company will accelerate the development of our joint portfolio and deliver an increased level of innovation, which will benefit Ansys’ traditional customers. I am proud of all that our employees do every day to make Ansys and our customers successful and look forward to the combined company achieving even greater heights in this next chapter.”
About Synopsys
As an S&P 500 company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and offers the industry’s broadest portfolio of application security testing tools and services. More information at synopsys.com
About Ansys
For more than 50 years, Ansys software has supported innovators across industries by using the predictive power of simulation – from sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices.
Full information: synopsysansys.transactionfacts.com
(Source: Synopsys/2024)
