US chip design software company Synopsys is on track to receive conditional approval from the European Union (EU) for its $35 billion acquisition of Ansys. Reutersciting sources.
Synopsys signed a definitive agreement to acquire Ansys, a simulation software company, in January this year.
To address competition concerns, Synopsys has proposed selling its Optical Solutions Group and Ansys PowerArtist.
This move is intended to address concerns about the impact on innovation and pricing within the market.
The European Commission (EC), the antitrust authority for the 27-nation European Union, is expected to complete its preliminary assessment of the acquisition by January 10, 2025.
The EC declined to comment on the news.
Last week, the CMA indicated the deal could go ahead if its concerns were adequately addressed.
Naomi Burgoyne, senior director of mergers at CMA, said: “Synopsys and Ansys are major suppliers of semiconductor chip design and lighting simulation software, and we are concerned that this deal could reduce innovation and lead to higher prices for these products in the UK.”
Synopsys declined to comment but reiterated its earlier statement to the UK CMA.
It said: “We have already taken steps to address all concerns raised by the CMA following their Phase I investigation.
“We will continue our constructive and collaborative engagement with the CMA regarding our proposed solutions.”
Ansys serves professionals in the aerospace, defense, automotive and energy industries for product analysis.
The offering competes with tools such as Autodesk’s Fusion 360, AutoCAD and Dassault Systemes’ Solidworks.
Synopsys stated that combining its EDA expertise in semiconductors with Ansys’ simulation and analytics portfolio will create a major player in silicon-to-system design solutions.
This acquisition is expected to strengthen Synopsys’ core EDA segment and expand its presence in high-growth markets such as automotive, aerospace and industrial sectors, where Ansys already has a strong position, the company said.
“Synopsys to Get EU Approval for $35 Billion Acquisition of Ansys” was originally created and published by Verdict, a brand owned by GlobalData.
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