The UK’s competition regulator has approved the $35 billion acquisition of Ansys by Synopsys after accepting specific remedies from the companies. With this decision, the Competition and Markets Authority (CMA) confirmed it would not escalate the review to a more in-depth Phase 2 investigation.
Initially, the watchdog raised concerns in December that the merger could reduce innovation and lead to higher prices. However, Synopsys and Ansys addressed these issues, paving the way for regulatory approval.
Synopsys, a leading provider of chip design software, announced the cash-and-stock deal for Ansys in January. Ansys specializes in simulation software used across various industries, from aerospace to consumer goods. The approval marks a significant milestone for the merger, which aims to expand Synopsys’ footprint beyond semiconductor design into broader engineering and simulation markets.
