Europe approves Synopsys Ansys deal
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The European Commission has approved the $35bn acquisition of Ansys by Synopsys, conditional on full compliance of the current selloffs.
The Commission investigated the impact of the transaction in the global markets for the supply of optics software, photonics software; and electronic design automation (‘EDA’) software tools used for the design of chips, where Synopsys and Ansys’s activities potentially overlap.
Synopsys has proposed selling its optics and photonics software business, including Code V, LightTools, LucidShape, RSoft and ImSym, while Ansys will sell its register-transfer-level power consumption analysis software PowerArtist.
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These commitments fully address the competition concerns, says the Commission. Hwever, the Commission has to approve Keysight Technologies as a suitable purchaser of the businesses in a separate procedure before the deal can go through.
The Commission also assessed the merged entity’s potential ability and incentive to offer bundles or to hamper the interoperability of different EDA software tools or semiconductor intellectual property (IP).
“We are very pleased that the EC has approved our pro-competitive transaction in Phase 1,” said Synopsys. “The clearance decision follows the strong progress we have made toward gaining regulatory approval across various jurisdictions. Earlier, the UK CMA provisionally accepted our remedies toward a transaction approval in Phase 1.”
In the US, the required waiting period has expired, and Synopsys is working with the Federal Trade Commission to conclude its investigation and review of the proposed remedies. China’s SAMR has officially accepted the filing for the deal, and its review is in process.
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