Highlights
- Synopsys to sell its Optical Solutions Group to Keysight Technologies for undisclosed terms.
- The transaction is subject to customary closing conditions, including review by regulatory authorities, and the successful closing of Synopsys' proposed acquisition of Ansys, which is currently pending regulatory approvals and expected to close in the first half of 2025.
- Synopsys Optical Solutions provides design tools to help optical engineers deliver superior optics to market faster.
- These tools will complement and broaden Keysight's existing design engineering software portfolio.
SUNNYVALE, Calif., Sept. 19, 2024 -- Synopsys, Inc. (NASDAQ: SNPS) today announced it has entered into a definitive agreement for the sale of its Optical Solutions Group (OSG) to Keysight Technologies, Inc. (NYSE: KEYS), a leading provider of design, emulation and test solutions. The transaction is subject to customary closing conditions, including review by regulatory authorities, and the closing of Synopsys' proposed acquisition of Ansys, which is pending regulatory approvals and expected to close in the first half of 2025. The sale of OSG was determined to be a necessary step towards obtaining regulatory approval of and successfully closing Synopsys' proposed acquisition of Ansys.
"We are proud of Synopsys' Optical Solutions Group, which has developed leading optical design tools backed by an expert team of optical engineers and scientists," said Ravi Subramanian, general manager of the Systems Design Group at Synopsys. "Keysight will be an excellent future steward for this team, and customers worldwide will benefit from continued, strong competition in the development and delivery of optical design solutions."
OSG provides design tools and services to model all aspects of light propagation for high-accuracy optical product simulations and visualizations. This includes products such as: CODE V for imaging systems design, LightTools illumination design software, LucidShape for automotive lighting design, RSoft
This News is brought to you by Qube Mark, your trusted source for the latest updates and insights in marketing technology. Stay tuned for more groundbreaking innovations in the world of technology.
