Summary by Moomoo AI
Ansys, Inc. has announced its plans to combine with Synopsys, Inc., aiming to create a leader in silicon to systems design solutions. This strategic move is expected to benefit customers globally by offering a comprehensive product portfolio and supporting next-generation technology initiatives. The collaboration is an extension of the existing partnership between the two companies that began in 2017. The transaction is anticipated to close in the first half of 2025, and until then, both companies will continue to operate independently. Ansys reassures its partners that it is business as usual and there will be no immediate changes in their working relationships. The announcement was made by Ajei Gopal, President and CEO of Ansys, who emphasized the commitment to innovation and addressing complex engineering challenges. The forward-looking statements in the announcement are subject to various risks and uncertainties, and the completion of the transaction is contingent upon regulatory and shareholder approvals.