Ansys and Synopsys announced that Ansys has entered into a definitive agreement for the sale of its PowerArtist™ business to Keysight Technologies, Inc. Keysight is a global leader in design and simulation software for semiconductors, electronics, and high-performance systems. This transaction is a strategic move to address regulatory concerns related to Synopsys' proposed $35 billion acquisition of Ansys.
The sale of the PowerArtist business is subject to customary closing conditions, including review by regulatory authorities, and is contingent upon the closing of Synopsys' proposed acquisition of Ansys. This divestiture is a key remedy offered by Synopsys to secure antitrust approvals from various jurisdictions, ensuring that the combined entity does not create anti-competitive market conditions.
The PowerArtist business provides RTL power analysis software, and its divestiture is a critical step in clearing the path for the larger merger. This action underscores the companies' commitment to satisfying regulatory requirements to complete the transformative acquisition, which aims to combine leaders in silicon design and simulation.
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