Ansys Sells PowerArtist to Keysight Amid Synopsys Merger
Deal News | Jan 09, 2025 | EIN
In a strategic move to secure regulatory approval for its $35 billion merger with Synopsys, Ansys has agreed to sell its PowerArtist EDA tool to Keysight Technologies. PowerArtist, a tool for analyzing and reducing power in semiconductor designs, forms part of Ansys' electronics and semiconductor division. The divestment is one of several undertakings designed to satisfy concerns from the UK's Competition and Markets Authority (CMA). Additionally, Synopsys plans to sell its Optical Solutions business to Keysight as part of its regulatory commitments. This transaction, anticipated to close in the first half of 2025, symbolizes a collaborative effort between Synopsys and Ansys, heralding an enhanced capacity to innovate within the EDA and simulation sectors. The companies assert that despite the interim sale, Ansys will maintain high service standards for its customers, with Synopsys' acquisition of Ansys expected to enhance synergies and drive industry-wide innovation.
Sectors
- Electronic Design Automation (EDA) Software
- Semiconductors
- Regulatory Compliance
Geography
- United States – The companies involved, Ansys and Synopsys, are based in the United States, driving the context of the merger.
- United Kingdom – The UK's Competition and Markets Authority (CMA) plays a crucial role in reviewing and approving the divestments and merger.
Industry
- Electronic Design Automation (EDA) Software – This industry is core to the article as it pertains to the sale of PowerArtist, a design-for-power tool, reflecting a focus on tools that facilitate electronic design processes.
- Semiconductors – PowerArtist is used in semiconductor design to manage power, and its sale is significant for companies in the semiconductor industry.
- Regulatory Compliance – The sales and merger are driven by the need to meet regulatory requirements, highlighting the importance of maintaining compliance with legal standards in large mergers.
Financials
- $35 billion – The merger value for the acquisition of Ansys by Synopsys.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ansys | Target | Company | Ansys is a company being acquired by Synopsys and is selling PowerArtist to Keysight as part of a regulatory strategy. |
| Keysight Technologies | Buyer | Company | Keysight is purchasing the PowerArtist tool and Synopsys Optical Solutions business. |
| Synopsys | Bidding Company | Company | Synopsys is acquiring Ansys and selling its Optical Solutions business to Keysight to fulfill regulatory requirements. |
| Competition and Markets Authority (CMA) | Regulatory Authority | Government | The CMA is the UK regulatory body assessing the merger and proposed divestments. |
| John Lee | Executive | Person | John Lee is the Vice President and General Manager of the electronics semiconductor and optics business unit at Ansys. |
| Niels Fach | Executive | Person | Niels Fach is the Vice President and General Manager at Keysight Design Engineering Software. |