Summary by Futu AI
On September 19, 2024, Synopsys, Inc., a leader in design automation and semiconductor IP, announced it has signed a definitive agreement to sell its Optical Solutions Group (OSG) to Keysight Technologies, Inc. The sale is contingent upon the successful closing of Synopsys' pending acquisition of Ansys, Inc., which is expected to be completed in the first half of 2025, subject to regulatory approvals. The divestiture of OSG is a strategic move to gain regulatory approval for the Ansys acquisition. OSG, known for its optical design tools such as CODE V, LightTools, LucidShape, RSoft, and ImSym, will enhance Keysight's software simulation portfolio, extending its capabilities into optics and photonics. The financial terms of the deal were not disclosed, but the transaction is not expected to materially impact Synopsys' financials. Synopsys is committed to ensuring a smooth transition for OSG's employees, customers, and partners. Until the transaction's closure, OSG will continue to operate as part of Synopsys, focusing on execution, customer service, and innovation.
