“This transformative combination brings together each company’s highly complementary capabilities to meet the evolving needs of today’s engineers and give them unprecedented insight into the performance of their products,"
The companies said that their businesses complement one another and the acquisition will enhance Synopsys’ Silicon to Systems strategy both across the core electronic design automation segment and in other areas such as automotive, aerospace and industrial, where
Analysts with Baird this month pointed out tremendous growth in the sector, highlighting
The deal could point to strengthening sentiment for big acquisitions in tech, potentially setting the stage for more buyouts in 2024.
The two companies hac already been working closely together for about seven years, which
Shareholders of
The deal is expected to close by the first half of 2025. It still needs approval from
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