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Synopsys | 425: Filing under Securities Act Rule 425 of certain prospectuses and communications in connection with business combination transactions

SEC announcement ·  Jan 17 00:00
Summary by Moomoo AI
On January 16, 2024, Synopsys, Inc. announced its plan to acquire ANSYS, Inc., a leader in simulation and analysis, to enhance its silicon to systems design solutions. The acquisition, valued at approximately $28 billion, is expected to close in the first half of 2025, subject to regulatory approvals. The transaction will combine Synopsys' semiconductor design technology with ANSYS' simulation and analysis expertise, addressing the growing complexity in system design driven by the fusion of electronics and physics, augmented with AI. The combined company aims to expand its total addressable market to approximately $28 billion and create significant long-term value for shareholders. Synopsys reported nearly $6 billion in revenue for 2023, a 15% year-over-year growth, with a 35% non-GAAP operating margin. The acquisition builds on a seven-year strategic partnership between the two companies, which has seen strong customer momentum. Synopsys will fund the cash consideration through a combination of cash and debt, with $16 billion of fully committed financing obtained.
On January 16, 2024, Synopsys, Inc. announced its plan to acquire ANSYS, Inc., a leader in simulation and analysis, to enhance its silicon to systems design solutions. The acquisition, valued at approximately $28 billion, is expected to close in the first half of 2025, subject to regulatory approvals. The transaction will combine Synopsys' semiconductor design technology with ANSYS' simulation and analysis expertise, addressing the growing complexity in system design driven by the fusion of electronics and physics, augmented with AI. The combined company aims to expand its total addressable market to approximately $28 billion and create significant long-term value for shareholders. Synopsys reported nearly $6 billion in revenue for 2023, a 15% year-over-year growth, with a 35% non-GAAP operating margin. The acquisition builds on a seven-year strategic partnership between the two companies, which has seen strong customer momentum. Synopsys will fund the cash consideration through a combination of cash and debt, with $16 billion of fully committed financing obtained.
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