Synopsys & Ansys

FGS Global and Joele Frank handle the $35B deal in which Synopsys semiconductor design company is acquiring Ansys software simulation systems provider.

"The megatrends of AI, silicon proliferation and software-defined systems are requiring more compute performance and efficiency in the face of growing, systemic complexity,” said Sassine Ghazi, president & CEO of Synopsys.

The merger will enable Synopsys “to deliver a holistic, powerful and seamlessly integrated silicon to systems approach to innovation to help maximize the capabilities of technology R&D teams across a broad range of industries,” he added.

Ajei Gopal, CEO of Ansys, said the deal “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 transaction, which will result in a $400M annual cost savings, is expected to close during the first-half of next year.

FGS Global handles Synopsys, while Joele Frank, Wilkinson Brimmer Katcher work Ansys.