Synopsys acquires PikeTec, terms not disclosed

Synopsys announced it has completed the acquisition of PikeTec GmbH. PikeTec is one of the leaders in solutions for the testing and verification of automotive software for control unit systems, the company said. “As the automotive industry evolves towards software-defined vehicles, so does the need for more efficient and effective software testing methods,” said Jens Ludemann, CEO at PikeTec. “Joining Synopsys reflects our commitment to enable automotive OEMs with the most comprehensive virtualization and testing solutions that help them scale to deliver high quality software.” The terms of the deal, which are not material to Synopsys financials, are not being disclosed.