Summary by Moomoo AI
Synopsys, Inc. has announced the acquisition of Ansys in a definitive agreement that will see Synopsys acquire Ansys for an enterprise value of approximately $35 billion. The transaction terms stipulate that Ansys shareholders will receive $197.00 in cash and 0.3450 shares of Synopsys common stock for each Ansys share. This strategic move combines Synopsys' expertise in semiconductor electronic design automation (EDA) with Ansys' simulation and analysis portfolio, creating a leader in silicon to systems design solutions. The acquisition is expected to expand Synopsys' total addressable market by 1.5 times to approximately $28 billion, with a growth rate of roughly 11% CAGR. The deal is anticipated to close in the first half of 2025, subject to Ansys shareholder approval, regulatory approvals, and other customary closing conditions.