Synopsys Responds to a Phase 1 Announcement Regarding Ansys Acquisition

In the latter part of December 2024, Synopsys issued the following statement in response to the U.K. Competition and Markets Authority's (CMA) recently published Phase 1 findings regarding Synopsys' proposed acquisition of Ansys:

"The CMA's Phase 1 announcement is an expected step in the UK regulatory review process. We have already taken steps to address all concerns raised by the CMA after their Phase 1 investigation. For example, Synopsys previously announced plans to sell its Optical Solutions business to Keysight, subject to the closing of Synopsys' proposed acquisition of Ansys. We will continue our constructive and collaborative engagement with the CMA in relation to our proposed remedies.

"Customers continue to express their overwhelming support for the transaction. Together, Synopsys and Ansys can help drive innovation across industries by addressing the rapidly increasing customer need for system design solutions that provide a deeper integration of EDA and Simulation and Analysis (S&A) software. We remain confident in a positive resolution of the ongoing regulatory review process, and we continue to expect the transaction to close in the first half of 2025," Synopsys stated in its announcement.

Sources: Press materials received from the company and additional information gleaned from the company’s website.