M&A Deal Summary

Synopsys Acquires ANSYS

On January 16, 2024, Synopsys acquired software company ANSYS for 35.0B USD

Acquisition Highlights
  • This is Synopsys’ 47th transaction in the Software sector.
  • This is Synopsys’ largest (disclosed) transaction.
  • This is Synopsys’ 43rd transaction in the United States.
  • This is Synopsys’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2024-01-16
Target ANSYS
Sector Software
Buyer(s) Synopsys
Deal Type Add-on Acquisition
Deal Value 35.0B USD
Advisor(s) Qatalyst Partners LP (Financial)
Skadden, Arps, Slate, Meagher & Flom
Goodwin Procter (Legal)

Target

ANSYS

Canonsburg, Pennsylvania, United States
website
ANSYS is a designer and producer of computer-aided engineering software. Its products are used worldwide in developing design solutions for the aerospace, automotive, biomechanics, consumer, electrical/electronics, machinery and power industries. ANSYS was incorporated in 1970 and is based in Canonsburg, Pennsylvania.

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Buyer(S) 1

Buyer

Synopsys

Mountain View, California, United States

website

Category Company
Founded 1986
Sector Software
Employees15,036
Revenue 5.1B USD (2022)
DESCRIPTION
Entrance to Synopsys' corporate headquarters in Mountain View, California.
Entrance to Synopsys' corporate headquarters in Mountain View, California.

Synopsys with companies to develop electronic products and software applications. Synopsys provides electronic design automation (EDA) and semiconductor IP solutions. Synopsys was founded in 1986 and is based in Mountain View, California.

DEAL STATS #
Overall 69 of 70
Sector (Software) 47 of 48
Type (Add-on Acquisition) 62 of 63
State (Pennsylvania) 1 of 1
Country (United States) 43 of 44
Year (2024) 1 of 2
Size (of disclosed) 1 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-23 PikeTec

Berlin, Germany

PikeTec is a software company that specializes in testing and verifying the functionality of safety-related embedded software for electronic control units, for example in the field of intelligent driver assistance systems. PikeTec was founded in 2007 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Intrinsic-ID

Sunnyvale, California, United States

Intrinsic-ID is a digital authentication company that provides the Internet of Things with hardware-based root-of-trust security via unclonable identities for any IoT-connected device. Intrinsic-ID was established in 2008 and is based in Sunnyvale, California.

Buy -
Mergr

Product

Company

Legal