Chip design and software company Synopsys revealed its plans to acquire product design software firm Ansys in a cash-and-stock transaction valued at $35 billion. According to the agreement terms, Ansys shareholders will receive $197 in cash along with 0.3450 shares of Synopsys common stock per Ansys share. This deal represents an enterprise value of around $35 billion, determined by Synopsys' closing stock price on December 21, 2023.
Uniting Synopsys' innovative semiconductor electronic design automation (EDA) with Ansys' extensive simulation and analysis offerings will establish a leading provider of solutions for silicon to systems design, as stated by the company. Synopsys President and CEO, Sassine Ghazi, expressed anticipation for the synergies resulting from the culmination of their successful seven-year partnership with Ansys. Ghazi looks forward to collaborating closely with Ajei Gopal, Ansys' CEO, and the talented Ansys team to deliver the combined benefits to customers, shareholders, and employees.
Synopsys, a trailblazer in innovation for the past 37 years, has played a pivotal role in transformative semiconductor breakthroughs across computing, networking, and mobility. The company is now positioned to shape the emerging era of 'pervasive intelligence.' Ajei Gopal, President and CEO of Ansys, highlighted Ansys' more than 50 years of empowering customers to create cutting-edge products. Gopal expressed enthusiasm for the collaboration with Synopsys, anticipating heightened joint efforts to foster unprecedented levels of customer innovation.