M&A Deal Summary

Keysight Technologies Acquires Synopsy - Optical Solutions Group

On September 19, 2024, Keysight Technologies acquired business services company Synopsy - Optical Solutions Group from Synopsys

Acquisition Highlights
  • This is Keysight Technologies’ 1st transaction in the Business Services sector.
  • This is Keysight Technologies’ 6th transaction in the United States.
  • This is Keysight Technologies’ 4th transaction in California.

M&A Deal Summary
Date 2024-09-19
Target Synopsy - Optical Solutions Group
Sector Business Services
Buyer(s) Keysight Technologies
Sellers(s) Synopsys
Deal Type Divestiture

Target

Synopsy - Optical Solutions Group

Sunnyvale, California, United States
Synopsys' Optical Solutions Group develops optical design tools.

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Buyer(S) 1

Buyer

Keysight Technologies

Santa Rosa, California, United States
Category Company
Founded 1939
Sector Test/Measurement Equipment
Employees15,400
Revenue 5.5B USD (2023)
DESCRIPTION
Keysight facility in Santa Clara, California.
Keysight facility in Santa Clara, California.

Keysight Technologies is a measurement company that provides electronic design and test solutions to the communications and electronics industries. Keysight provides electronic measurement instruments and systems and related software, software design tools, and related services that are used in the design, development, manufacture, installation, deployment, and operation of electronic equipment. Related services include start-up assistance, instrument productivity, application services, and instrument calibration and repair. Keysight Technologies was formed in 1939 and is based in Santa Rosa, California.

DEAL STATS #
Overall 11 of 11
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 2
State (California) 4 of 4
Country (United States) 6 of 6
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 ESI Group

Rungis, France

ESI Group is a virtual manufacturing, performance, seat, vibro-acoustics, virtual environment, virtual integration platform, and virtual reality solutions. The Group provides customized solutions anchored on predictive physics modeling and virtual prototyping expertise to allow industries to make the right decisions at the right time while managing their complexity. ESI Group was founded in 1973 and is based in Rungis, France.

Buy €913M

Seller(S) 1

SELLER

Synopsys

Sunnyvale, California, United States
Category Company
Founded 1986
Sector Software
Employees20,300
Revenue 5.8B USD (2023)
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 Sunnyvale, California.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 3 of 3
State (California) 2 of 2
Country (United States) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 Synopsys Software Integrity

Mountain View, California, United States

Synopsys Software Integrity Group is a provider of application security testing solutions.

Sell $2.1B
Mergr

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