Synopsys to sell Optical Solutions Group to Keysight Technologies, no terms

Synopsys (SNPS) announced it has entered into a definitive agreement for the sale of its Optical Solutions Group to Keysight Technologies (KEYS), a leading provider of design, emulation and test solutions. The transaction is subject to customary closing conditions, including review by regulatory authorities, and the closing of Synopsys’ proposed acquisition of Ansys, which is pending regulatory approvals and expected to close in the first half of 2025. The sale of OSG was determined to be a necessary step towards obtaining regulatory approval of and successfully closing Synopsys’ proposed acquisition of Ansys. This transaction is not material to Synopsys’ financials, and terms of the agreement were not disclosed. Synopsys is committed to a seamless transition for the OSG team, customers and partners. Until the transaction closes, OSG will operate business-as-usual, as part of Synopsys with a focus on execution, customer service and continued innovation.