Synopsys submits acquisition offer from simulation software company Ansys

According to insiders, chip design software manufacturer Synopsys has submitted a bid to acquire Ansys, an engineering software supplier with a market value of $30 billion.

This transaction negotiation coincides with Synopsys co-founder Aart de Geus preparing to transition to the position of Executive Chairman and transfer CEO power to Chief Operating Officer Sassine Ghazi on January 1, 2024.

Synopsys is seeking transformative acquisitions amidst leadership changes, highlighting the commercial appeal of Ansys software, which is widely used in the design field, including designing rackets for renowned athletes in the tennis industry.

Sources say that Synopsys is one of the companies that has been negotiating potential deals with Ansys, which has also attracted other acquirers, but it is uncertain whether Synopsys's bid will win.

Sources say that Ansys has received a much higher quote than $400 per share, and if negotiations go smoothly, the transaction may be announced in the coming weeks.

Ansys is a simulation software manufacturer. Synopsys has a market value of $85 billion and provides EDA software.

Ansys and Synopsys declined to comment.