Chip design software manufacturer Synopsys has announced its intent to acquire Ansys in a $35 billion cash-and-stock transaction.
This acquisition marks the largest deal in the technology sector since last November’s $69 billion acquisition of software maker VMware by chip manufacturer Broadcom, Reuters news report said.
Ansys, a player in the field of simulation software, provides tools used by engineers, designers, and researchers in diverse industries such as aerospace, defense, automotive, and energy. These software solutions aid in the thorough analysis of products. Ansys competes with industry counterparts like Autodesk’s Fusion 360, AutoCAD, and Dassault Systemes’ Solidworks.
The timing of this acquisition follows closely on the heels of Synopsys’ Co-founder and Executive Chairman Aart de Geus’s recent transition, where he handed over the CEO responsibilities to Chief Operating Officer Sassine Ghazi just two weeks ago.
Synopsys itself is a key player, providing software crucial for chip design across various industries. The company caters to major chipmakers including Intel, Advanced Micro Devices (AMD), and Nvidia.
The integration of Synopsys and Ansys is expected to create a powerhouse in the technology landscape, bringing together complementary expertise in chip design and simulation software. The deal signifies a strategic move to strengthen capabilities in serving industries that heavily rely on cutting-edge technologies for product development and analysis.
