Synopsys approved to close divestitures of Optical Solutions Group, PowerArtist

Synopsys (SNPS) announced that it has received approval from all necessary authorities to proceed with the planned, previously-announced divestitures of the Optical Solutions Group and PowerArtist businesses to Keysight Technologies (KEYS). These divestitures were determined by regulatory authorities to be a necessary step related to Synopsys’ acquisition of Ansys (ANSS), which successfully closed on July 17. Synopsys expects to complete these divestitures on or about October 17. The transactions are not material to Synopsys’ financials, and terms of the agreements were not disclosed. Synopsys remains committed to a seamless transition for its employees, customers and partners.