Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition
Synopsys (SNPS) has received Phase 1 clearance from the U.K. Competition and Markets Authority (CMA) for its proposed acquisition of Ansys, subject to previously announced divestitures. The company continues to work on securing regulatory approvals in other jurisdictions and maintains its expectation to close the transaction in the first half of 2025.
Synopsys president and CEO Sassine Ghazi highlighted customer support for the pending acquisition, emphasizing that the merger will enable the development of new AI-powered design solutions combining electronics and physics capabilities to enhance R&D innovation.
Synopsys (SNPS) ha ricevuto l'approvazione di Fase 1 dall'Autorità per la Concorrenza e i Mercati del Regno Unito (CMA) per la sua proposta di acquisizione di Ansys, soggetta a disinvestimenti precedentemente annunciati. L'azienda continua a lavorare per ottenere approvazioni normative in altre giurisdizioni e mantiene l'aspettativa di chiudere la transazione nella prima metà del 2025.
Il presidente e CEO di Synopsys, Sassine Ghazi, ha evidenziato il supporto dei clienti per l'acquisizione in corso, sottolineando che la fusione permetterà lo sviluppo di nuove soluzioni di design potenziate dall'IA, combinando capacità elettroniche e fisiche per migliorare l'innovazione nella R&D.
Synopsys (SNPS) ha recibido la aprobación de Fase 1 de la Autoridad de Competencia y Mercados del Reino Unido (CMA) para su propuesta de adquisición de Ansys, sujeta a desinversiones previamente anunciadas. La empresa sigue trabajando para asegurar aprobaciones regulatorias en otras jurisdicciones y mantiene su expectativa de cerrar la transacción en la primera mitad de 2025.
El presidente y CEO de Synopsys, Sassine Ghazi, destacó el apoyo de los clientes para la adquisición pendiente, enfatizando que la fusión permitirá el desarrollo de nuevas soluciones de diseño impulsadas por IA que combinan capacidades electrónicas y físicas para mejorar la innovación en I+D.
Synopsys (SNPS)는 영국 경쟁시장청(CMA)으로부터 Ansys 인수에 대한 1단계 승인을 받았으며, 이는 이전에 발표된 자산 매각에 따라 진행됩니다. 이 회사는 다른 관할권에서 규제 승인을 확보하기 위해 계속 노력하고 있으며 2025년 상반기 내에 거래를 완료할 것으로 예상하고 있습니다.
Synopsys의 회장 겸 CEO인 Sassine Ghazi는 고객들이 pending acquisition을 지지하고 있음을 강조하며, 이번 합병이 전자 및 물리학 기능을 결합한 AI 기반의 새로운 설계 솔루션 개발을 가능하게 하여 R&D 혁신을 증진할 것이라고 밝혔습니다.
Synopsys (SNPS) a reçu l'approbation de Phase 1 de l'Autorité de la concurrence et des marchés du Royaume-Uni (CMA) pour sa proposition d'acquisition d'Ansys, sous réserve des désinvestissements précédemment annoncés. L'entreprise continue de travailler à l'obtention d'approbations réglementaires dans d'autres juridictions et maintient son attente de clore la transaction dans la première moitié de 2025.
Le président et CEO de Synopsys, Sassine Ghazi, a souligné le soutien des clients pour l'acquisition en cours, en mettant l'accent sur le fait que la fusion permettra le développement de nouvelles solutions de conception alimentées par l'IA, combinant des capacités électroniques et physiques pour améliorer l'innovation en R&D.
Synopsys (SNPS) hat die Genehmigung der Phase 1 von der britischen Wettbewerbs- und Marktbehörde (CMA) für die vorgeschlagene Übernahme von Ansys erhalten, vorbehaltlich zuvor angekündigter Veräußerungen. Das Unternehmen arbeitet weiterhin daran, regulatorische Genehmigungen in anderen Jurisdiktionen zu sichern und erwartet, die Transaktion in der ersten Hälfte des Jahres 2025 abzuschließen.
Der Präsident und CEO von Synopsys, Sassine Ghazi, hob die Unterstützung der Kunden für die bevorstehende Übernahme hervor und betonte, dass die Fusion die Entwicklung neuer KI-gestützter Designlösungen ermöglichen wird, die Elektronik- und Physikfähigkeiten kombinieren, um die Innovation in der F&E zu verbessern.
- UK regulatory approval obtained in Phase 1
- Transaction on track for H1 2025 closing
- Strong customer support reported for the acquisition
- Additional regulatory approvals still pending in other jurisdictions
- Divestitures required as condition for approval
We are pleased that the CMA has formally cleared the transaction in Phase 1 subject to previously announced divestitures. We are continuing our work to secure regulatory approval in other jurisdictions and expect the transaction to close in the first half of 2025.
On the company's recent earnings call, Synopsys president and CEO Sassine Ghazi underscored customer support for the pending transaction, and stated:
"Our pending acquisition of Ansys will pave the way for new AI-powered design solutions that fuse electronics and physics, giving R&D teams the tools they need to ignite their future innovation."
About Synopsys
Catalyzing the era of pervasive intelligence, Synopsys, Inc. (Nasdaq: SNPS) delivers trusted and comprehensive silicon to systems design solutions, from electronic design automation to silicon IP and system verification and validation. We partner closely with semiconductor and systems customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com.
INVESTOR CONTACT:
Trey
Synopsys, Inc.
650-584-4289
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EDITORIAL CONTACT:
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Synopsys, Inc.
650-584-5000
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Cautionary Statement Regarding Forward-Looking Statements
This communication may contain certain forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Synopsys and Ansys, including, but not limited to, statements regarding the anticipated timing of the closing thereof and the pending regulatory approval of the proposed transaction. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions or the negatives of these words or other comparable terminology to convey uncertainty of future events or outcomes. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many risks, uncertainties and other factors could cause actual future events to differ materially from the forward-looking statements in this communication, including, but not limited to: (i) the completion of the proposed transaction on anticipated terms and timing, anticipated tax treatment and unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, pricing trends, future prospects, credit ratings, business and management strategies which may adversely affect each of Synopsys' and Ansys' business, financial condition, operating results and the price of their common stock, (ii) the failure to satisfy the conditions to the consummation of the proposed transaction, including, among other things, the receipt of certain governmental and regulatory approvals on the terms expected, in a timely manner, or at all, (iii) the risk that such regulatory approvals may result in the imposition of conditions that could adversely affect, following completion of the proposed transaction (if completed), the combined company or the expected benefits of the proposed transaction (including as noted in any forward-looking financial information), (iv) uncertainties as to access to available financing (including any future refinancing of Ansys' or the combined company's debt) to consummate the proposed transaction upon acceptable terms and on a timely basis or at all, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the effect of the announcement or pendency of the proposed transaction on Ansys' or Synopsys' business relationships, competition, business, financial condition and operating results, (vii) risks that the proposed transaction disrupts current plans and operations of Ansys or Synopsys and the ability of Ansys or Synopsys to retain and hire key personnel, (viii) risks related to diverting either management team's attention from ongoing business operations of Ansys or Synopsys, (ix) the outcome of any legal proceedings that may be instituted against Ansys or Synopsys related to the Merger Agreement or the proposed transaction, (x) the ability of Synopsys to successfully integrate Ansys' operations and product lines, (xi) the ability of Synopsys to implement its plans, forecasts, expected financial performance and other expectations with respect to Ansys' business or the combined business after the completion of the proposed transaction and realize the benefits expected from the proposed transaction (if completed) as well as manage the scope and size of the combined company, (xii) the ability of Synopsys to manage additional debt and debt covenants as well as successfully de-lever following the proposed transaction, (xiii) risks associated with third party contracts containing consent and/or other provisions that may be triggered by the proposed transaction, (xiv) uncertainty in the macroeconomic and geopolitical environment and its potential impact on the semiconductor and electronics industries, (xv) uncertainty in the growth of the semiconductor and electronics industries, (xvi) the highly competitive industries Synopsys and Ansys operate in, (xvii) actions by the
You should carefully consider the foregoing factors and the other risks and uncertainties that affect the businesses of Synopsys and Ansys described in the "Risk Factors" section of their respective Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by either of them from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond Synopsys' and Ansys' control, and are not guarantees of future results. Readers are cautioned not to put undue reliance on forward-looking statements, and Synopsys and Ansys assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, unless required by law. Neither Synopsys nor Ansys gives any assurance that either Synopsys or Ansys will achieve its expectations.
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SOURCE Synopsys, Inc.