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The European Commission (EC) has approved Synopsys’ acquisition of Ansys, with the condition that both companies must sell off certain software products. Synopsys, a chip design software maker, announced its intention to acquire Ansys, a simulation software developer, in January. This $35 billion deal is the largest in the technology sector since Broadcom acquired VMware for $69 billion. The merger raised concerns about potential stifling of competition, leading the EC to require the sale of overlapping parts of their businesses to an approved buyer.
Approvals
The U.K. Competition and Markets Authority (CMA) conducted its own antitrust investigation into the transaction and expressed willingness to accept the proposed divestment offer. However, the deal is still pending approval from the Federal Trade Commission (FTC) and other regulatory bodies around the world, including China’s State Administration for Market Regulation (SAMR). Synopsys confirmed that they are working with the FTC and other jurisdictions to finalize the regulatory approval process, with expectations of closing the transaction in the first half of 2025.
