M&A Deal Summary

Synopsys Acquires PikeTec

On August 23, 2023, Synopsys acquired software company PikeTec from ECM Equity Capital Management

Acquisition Highlights
  • This is Synopsys’ 46th transaction in the Software sector.
  • This is Synopsys’ 5th transaction in Germany.

M&A Deal Summary

Date 2023-08-23
Target PikeTec
Sector Software
Buyer(s) Synopsys
Sellers(s) ECM Equity Capital Management
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Synopsys

Sunnyvale, California, United States

Category Company
Founded 1986
Sector Software
Employees20,000
Revenue 6.1B USD (2024)
DESCRIPTION
Entrance to Synopsys' corporate headquarters in Mountain View, California.
Entrance to Synopsys' corporate headquarters in Mountain View, California.

Synopsys is a global software company providing electronic design automation tools, semiconductor intellectual-property blocks, and verification & simulation solutions that help engineers design, test, and build integrated circuits, systems-on-chip, and complex electronics. Synopsys was founded in 1986 and is based in Sunnyvale, California.


DEAL STATS #
Overall 68 of 71
Sector: Software M&A 46 of 49
Type: Add-on Acquisition M&A Deals 61 of 64
Country: Germany M&A 5 of 5
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 WhiteHat

San Jose, California, United States

WhiteHat is a provider of on-demand website and web application security software delivered as a service. WhiteHat's cloud website vulnerability management platform and leading security engineers turn verified security intelligence into actionable insights for customers. WhiteHat was founded in 2001 and is based in Santa Clara, California.

Buy $330M
FOLLOWING 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 -

Seller(S) 1

SELLER

ECM Equity Capital Management

Frankfurt, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 1.0B EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Equity Capital Management (ECM) is a private investment firm that looks to acquire majority/minority interests in mid-sized companies through its German Equity Partners private equity funds. ECM primarily looks for buyout opportunities to support succession and spin-off situations. Targets companies typically have annual sales between EUR10 and EUR250 million and are in the manufacturing, service or trade industries. ECM's geographical focus is within German-speaking Europe. ECM is based in Frankfurt.


DEAL STATS #
Overall 21 of 23
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 12
Country: Germany M&A 18 of 19
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 SIS

Amelinghausen, Germany

SIS engages in the operation of mobile thermal waste gas treatment systems and complementary equipment. The services and technologies supplied by SIS play a key role for customers in reducing emissions (especially volatile hydrocarbons). SIS helps them to comply with even the strictest environmental regulations. The portfolio of mobile systems for reducing emissions in unique on the market in terms of size as well as quality and safety standards. SIS was founded in 2008 and is based in Amelinghausen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 FAMAR Health Care Services

Athens, Greece

FAMAR Health Care Services provides a full-service offering across the CDMO value-chain, with broad capabilities across multiple dosage forms including sterile, solids, semi-solids, and R&D services. FAMAR Health Care Services was founded in 1949 and is based in Athens, Greece.

Sell -