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’ 48th transaction in the Software sector.
  • This is Synopsys’ largest (disclosed) transaction.
  • This is Synopsys’ 44th 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 (Financial)
Skadden, Arps, Slate, Meagher & Flom
Goodwin Procter (Legal)

Target

ANSYS

Canonsburg, Pennsylvania, United States
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

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 70 of 71
Sector (Software) 48 of 49
Type (Add-on Acquisition) 63 of 64
State (Pennsylvania) 1 of 1
Country (United States) 44 of 45
Year (2024) 1 of 2
Size (of disclosed) 1 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-21 Imperas

United States

Imperas provides tools to develop software multi-processor core devices. The Company has an accurate library of models for processors ranging from RISC-V to Arm, Imagination, MIPS, PowerPC, Arc and others. Imperas was formed in 2005.

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 -